Who pays the TDS, the seller or the buyer
TDS or Tax Deducted at Source is the amount of tax that is deducted from the payment made to a resident or a non-resident by the person making the payment. The responsibility to deduct TDS lies with the person making the payment, and not the recipient of the payment. Who pays the TDS, the seller or the buyer is clear.
For more information to Visit https://www.incometax.gov.in
In case of transactions like sale of property, rent, professional fees, etc., the payer requires to deduct TDS on the payment made to the recipient, and deposit the same with the government within the specified due dates. The recipient can claim credit for the TDS deducted while filing their income tax return.
So, in short, the payer or the person making the payment is responsible for deducting and depositing TDS with the government, and not the recipient or the seller.
For more information to Visit https://www.incometax.gov.in
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