New Delhi: Not disclosing your Permanent Account Number (PAN) while selling immovable property can now land you into major trouble as the government has just announced that there will be a 20% TDS on the sale.Buyers of immovable property will have to pay 1% TDS depending on the size of the transaction which has to be larger than Rs 50 lakh. Real estate has been known as the most disreputed sector for generating black money and this move by the government is an effort to reduce black money siphoning.Sellers often prefer a cash payment so as to avoid stating the actual amount of the transaction and thus cutting on taxes. Cases of undisclosed income in cash account for 50% of real estate transactions. Sellers also show the deal size as much smaller than the actual deal to pay less on stamp duty. The income tax department is hopeful that this time the tactic will work to bring even the cash transactions under the net. The buyers will have to deposit 1% TDS with the income tax department and this can be done electronically by filling a form online. The payment can also be made at an authorized bank branch if one has no access to the internet. займ на карту без отказов круглосуточновзять кредит онлайн