Homebuyers get respite from tax notice against deducting less tax from sellers with inoperative PANs
Over the past year, close to 16,500 homebuyers across the country received a rude shock in the form of notices asking them to cough up additional tax deducted at source on properties they had purchased. The tax department notices said they had deducted less tax despite the sellers’ PANs being inoperative.
Source: moneycontrol.com