According to income tax rules, the home buyer is required to deduct 1 percent TDS if the sale consideration is Rs 50 lakh or more. The TDS rate is 20 percent in the absence of a PAN, or if the PAN is deemed inoperative.
Taxpayers who link their PAN with biometric Aadhaar by June 30, 2022, would be required to pay a late fee of Rs 500. Beyond that, the penalty would rise to Rs 1,000.