Flat purchase in name of myself,my wife and son

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When purchasing a flat jointly with your wife and son, the Tax Deducted at Source (TDS) needs to be managed carefully. Each applicant is responsible for deducting and depositing TDS based on their declared share of ownership. If ownership percentages aren't explicitly stated in the sale documents at the time of registration, it will be assumed that the property is divided equally among all applicants, impacting how TDS is handled.

ARUN GUPTA

ARUN GUPTA (Querist)
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26 April 2025 I have booked a flat of 2crores with joint application in my name, wife's name and my son's name. Tds need to be deducted.which applicant will deduct and deposit the tds amount.How will I divide the ownership between all the applicant.pl clarify the process of showing in books of accounts.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 April 2025 Unless you clarify the percentage of shares of ownership of each, it will be treated as equally divided amongst three, hence all the three owners should deduct TDS as per their ownership in the flat.

ARUN GUPTA

ARUN GUPTA (Querist)
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26 April 2025 I want 10% for me and my wife each and balance 80% for my son.will it be ok?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 April 2025 Yes, it should be declared in the sale documents and accordingly TDS has to be deducted.

ARUN GUPTA

ARUN GUPTA (Querist)
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26 April 2025 Is it compulsory to declare at the time of registration of sale deed? Is it compulsory to declare percentage of ownership in sales deed? Please clarify now?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 April 2025 Yes, otherwise it will be treated as equal share of each owners and as such there will be default notice for TDS deduction.

ARUN GUPTA

ARUN GUPTA (Querist)
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26 April 2025 At present 10% booking amount is paid my wife so she will only deduct the tds amount.When I will pay then it will be deducted by me.Tds should be deducted as and when paid by applicant.please clarify?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 April 2025 Yes, but as per the share of ownership..

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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28 September 2025 Good luck.....

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