Payment of TDS on sale of immovable property
This query is : Resolved
13 October 2024
There are three coparceners [one mother and two daughters] selling a residential property to an individual. Both the daughters will not receive any share from the sale proceeds money from their mother. They have given power of attorney to the mother. Mother only will execute the sale deed.
Purchaser has to deduct tax and pay it in seller’s PAN.
Now, purchaser’s doubt is whether can she pay the entire TDS amount into mother’s PAN only?
Purchaser has to deduct tax and pay it in seller’s PAN.
Now, purchaser’s doubt is whether can she pay the entire TDS amount into mother’s PAN only?
14 October 2024
Is it the property of HUF having the mother as Karta?
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14 October 2024
Thank you for your swift response, sir.
It is the self acuired property of Hindu male, he died intestate leaving his wife and two daughters.
Now, the said three became the owners of his property [ residential]. There is no HUF system exists.
Thank you
It is the self acuired property of Hindu male, he died intestate leaving his wife and two daughters.
Now, the said three became the owners of his property [ residential]. There is no HUF system exists.
Thank you
15 October 2024
If there is any relinquish deed between the mother and the daughters..... much better...
Otherwise if the agreement declares the shares of each daughters to be nil, in that case you can deduct single TDS over mother's PAN.
Otherwise if the agreement declares the shares of each daughters to be nil, in that case you can deduct single TDS over mother's PAN.
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