My Mother sold a property at Rs 58,00,000/- at Kokata. As per income tax rules Tax Deducted at Source (TDS) under Section 194-IA of the Income Tax Act, 1961 1% TDS to be deducted from the seller and deposited as TDS by the buyer. As per Section 194-IA of the Income Tax Act, 1961, the deduction of Tax Deducted at Source (TDS) is mandatory on the sale of immovable property in India, provided the sale consideration is ₹50 lakh or more. The deducted TDS amount must be deposited with the government using Form 26QB. The buyer of the property paid full amaount in cheque and in loan to my mother but he has not deposited TDS with Income Tax TDS with the income tax department blocked our number. He also has not given us Form 16B which he is supposed to give to my mother. Now what will my mother do ? I am not interested of consequences with the buyer. Will my mother have to face any notice or any legal consequence from incoe tax department or anywhere else ? What she will do now ?
