Pay 20% TDS on Property Purchase if Seller’s PAN-Aadhaar Not Linked! Read All Details here..
In the realm of property transactions, a new hurdle has emerged for buyers: the seller’s PAN and Aadhaar link. Failure on the part of the property seller to complete this crucial linking could lead to buyers facing a hefty 20% Tax Deducted at Source (TDS) on their property purchase (20% TDS on property purchase) instead of the standard 1%. In this article, we unravel the intricacies of this development and shed light on the consequences and solutions for property buyers.