Tds on immovable property
Querist : Anonymous
I wish to purchase a flat. Flat is owned by husband & wife. Husband has given POA to wife. The consideration amount is being paid to wife only.
Please clarify if TDS on consideration amount will be deducted for only wife or for both husband and wife.
Regards
Querist : Anonymous
If I may request further clarification:
If TDS is to be deducted for both husband and wife, should we split the consideration amount in half for completing the form 26 QB for both as otherwise it can not be submitted. Please note that full payment is going to only the wife.
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