Buying flat in minor son name - TDS should be paid in minor or father PAN
This query is : Resolved
26 February 2023
Hello, I am purchasing under construction apartment in my minor son name. 3 instalments already paid to builder using father PAN number. But i will be registering the property in minor son name. Now when I pay the next instalment, should I pay 1% TDS on minor's PAN or pay the TDS on father name. Father's salary is the source of income for the purchase of this property.
26 February 2023
As you are paying the installment, deduct TDS under father's PAN. Only at the time of registration you will register the flat as guardian of minor.
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