Home loan from bank & multiple buyers tds concerns
This query is : Resolved
22 June 2016
Hi,
we haven a home loan from bank and we have 2 buyers of that property (banker provided the joint loan ac). banker has paid 5th EMI and asking to pay TDS from our end. In 2 buyers who has to deduct the tds and pay dept.
we haven a home loan from bank and we have 2 buyers of that property (banker provided the joint loan ac). banker has paid 5th EMI and asking to pay TDS from our end. In 2 buyers who has to deduct the tds and pay dept.
22 June 2016
if you are buying the property then tds u/s 194ia you have to deduct the tds and deposit by both of you 50%-50%.
22 June 2016
2 buyers are me & my spouse. bank made emi of rs.30lakh for the 5 the emi. how could i make the tds payment
22 June 2016
pls tell why bank will pay the EMI.
22 June 2016
if bank make payment on behalf of you then tds responsibility of yours on bank payment date you have to consider for tds payment.
22 June 2016
on behalf of us banker made the payment through our loan ac. hence i will divide the total installment payment into 50/50 and i will make the tds payment to dept on our both PAN cards 50/50. is it right or not?
22 June 2016
yes, you have to make payment of tds 50-50% in both a/c.
22 June 2016
yes , you have to deposit tds on 50-50% amount in your both PAN.
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