Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader

TDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a house property. "​Failure to deduct tax under Section 194-IA may result in the person i.e. the transferee being deemed to be treated as an assessee in default. Failure to deduct tax will attract interest and penalty also," said the Income Tax Department.