TDS not paid for the property agreement value 55 year 2018 as a joint owner

This query is : Resolved

Ramakant Choubey (Querist)
Follow

19 August 2025 Hi Sir

we bought property in 2018 as joint owner me and my wife names agreement value was 55 lacs. that time we did not ask to pay TDS and we were not aware about it but now i got to know that >50 lacs we have to pay 1% TDS now its 2025 what should I do?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

19 August 2025 Now you cannot deduct TDS from seller's payment and pay the amount to government. The TDS is not required to be paid from your pocket. If possible get the certificate from seller's CA that the seller has filed relevant ITR with declaration of the sell of the house property, as such paid liable tax over it. That protects you from your said liability.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
Follow

22 September 2025 Good luck..

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