194IA TDS purchase of property How to pay joint Vendee Names

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This discussion addresses how to pay TDS under Section 194-IA when a property is being purchased jointly by a husband and wife, with both names on the registration and loan. The core question is whether to pay TDS under a single name or separate challans for each individual. It also touches upon how to handle TDS payments when the sale consideration is split between the buyers and clarifies the process for online TDS payment using PAN.

ARCHANA

ARCHANA

(Querist)
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01 February 2023 Sir/Mam,

Property Purchasing in the name of Wife and Husband both taken loan from purchase of property. Registration of Property also Wife and Husband name.

How to pay 194IA tds on Sale consideration both names or Single Name

Please Kindly explain how to pay TDS 1941A if vendee is Two members

Thanking you,

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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01 February 2023 Single name (ie., one challan in the name of husband only and another in the name of wife only).

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ARCHANA

ARCHANA

(Querist)
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01 February 2023 Thank you sir, for your quick reply, if Wife paid 40% sale consideration and 60% sale consideration the same rationwe have to pay TDS challan or equal amount

ARCHANA

ARCHANA

(Querist)
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01 February 2023 efiling epayment tax through how to pay TDS 194I online payment, if we giving pan no. it is not showing TDS 194I only income tax taxes showing

please guide me

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