Property buyer will end up paying 20% TDS instead of 1% for this PAN related issue

Tax deducted at source (TDS): If you are buying any property above Rs 50 lakh value then make sure to deduct 1% TDS before making the payment to the seller. However it is important to check the status of the seller's PAN. An individual forgot to do this and got served with an income tax notice.

from Tax-Wealth-Economic Times https://ift.tt/8YeFE4D