banner_ad

I sale a property which is on joint name

This query is : Resolved 

31 August 2018 i sale a property at rs 1 crore which is on joint name but the buyer deduct the TDS amount from a single name. now what we can do ?

1) if the TDS amount deduct from a single name is Rs 10lakh ( 1% on 1 crore).
or
2) if the TDS amount deduct from a single name is Rs 5 lakh (1% on 50 lakh)

what to do in both cases

31 August 2018 1) The individual can declare Capital Gains to his account fully and adjust the TDS fully.
or Both can individually declare their share of capital gains in the agreed proportion and can adjust TDS only with the individual in whose name IT was deducted.
2) Both can individually declare their share of capital gains and claim their respective TDS.

31 August 2018 1) But in such case i cant availed the benefit of exemption limit in case of capital gain.

or
should i told to buyer to revise the tds 26QB ?

03 November 2021 Second option is better, provided the sale document authenticate it.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details