Query on tds on sale of property
This query is : Resolved
17 October 2015
Hi,
I bought a house worth 1.57 cr.
Paid 35 lac advance part by part last month wherein some part were paid from my wifes bank account.
Now I want to pay tds to the govt of 1.57 lac (on the whole value). So can I pay entirely from my account? Or should the TDS be paid from my wifes account on the part that was paid from her bank account? (I am the transferee)
17 October 2015
If property is going to be purchased in name of your wife as well along with you than TDS needs to be deducted proportionately.
17 October 2015
What if the Property is in my name but my wife paid some amount on my behalf?
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