Tds on immovable property
This query is : Resolved
12 July 2013
I am in the process of buying a property which is jointly held by Mr A & Mr B. and deal value is 80 lacs. Can i deduct TDS separately for each seller?
12 July 2013
yes , 1% on the amount paid to each seller
12 July 2013
Thanks, It means i would have to upload challan twice and simultaneously have to pay TDS 40 k for each seller.
12 July 2013
Yes since u deducitng sep u need to upload it 2 times sep.
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