Share of tds should be 50:50 if tds on immovable property
This query is : Resolved
Vikas vaishya
(Querist)
11 November 2015
Two parties that is husband & wife purchased a house of 1crore. Share for purchase of house is 50:50. As per law Tds should be paid by both the parties 50:50 but husband deducted tds on all amount and not wife. Notice came to wife for non payment of Tds. and not to husband. Other story is that registrar has registered house in the name of husband. But it should be registered in both names. Now please tell me if can wife be exempted for payment of tds. if not on what grounds.
Amol S Joglekar
(Expert)
11 November 2015
If registration is done in Husband's name, notify the same to TDS authority.
Secondly, also notify them, that the TDS has been duly deducted and paid from HUSAND. The inclusion of wife;s name is only for the sake of family convenience.
Secondly, also notify them, that the TDS has been duly deducted and paid from HUSAND. The inclusion of wife;s name is only for the sake of family convenience.
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