Tds deduction on purchase of property.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2018
Dears, My query is with respect to deduction of tds on purcahse of property. Purchase of a house from joint owners.(Husband & Wife). One of coowner requires full consideration for sale in his account only and he will provide his wife consent in writing. My query is whether to deduct tds on name of owner who is reciving full consideration? Or deduct tds equally on both owners name. Full consideration for sale is going to receive by one co-owner only. Thanks in advance.
KAVIRAJA ADDANGADI
(Expert)
15 March 2018
You have to deduct tds on both the co-owners, Since property owned joint name
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