Dear Sir,
Mr A (buyer) pays amount of in excess of Rs 50 Lacs including taxes to Mr B(Builder)in the financial year 2011-12, however the said property is not registerd Till Date
Now Mr A does not want the property and agreed to receive the amount already paid in the Financial Year 2010-2011
Mr C, (Atual Buyer) wants to Purchase the above mentioned property in the Current FY 2014-2015 and he will making the payment to Mr A(first Buyer)
but the actual property is still in the name of Mr.B(Builder)
1) In whose Favour TDS needs to be deducted
a) MR.A (Firt Buyer) Possessor
b) Mr.B (Builder) actual owner
Since a Tripartie agreement is entered into between the 3 parties .
Kindly do the needful
Best Regards
Prasad DVS
please help me sir for get approval what i have to do,
thank you,
is an individual is responsible to deduct tax on commission paid on purchase of house property to an individual?
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i have a wholesale shop. one of the staff has been working from many years since my father was alive.
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We Made Provision of Interest Receivable on Water Deposit Rs. 17359/- in FY 13-14
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Tds on sale of property