Tds on property
This query is : Resolved
11 December 2014
hello sir,
in a property there are three joint seller and two joint purchaser the purchaser is to deposite Rs. 182000 as tds on sale of property. i want to know how the tds will be credited in the account(26AS) of all three sellers. whether three challans 26QB will be submitted. i have deposited all the amount by single challan by giving one seller details (PAN). i also tick on more than one seller and purchaser. what to do.
thanks
in a property there are three joint seller and two joint purchaser the purchaser is to deposite Rs. 182000 as tds on sale of property. i want to know how the tds will be credited in the account(26AS) of all three sellers. whether three challans 26QB will be submitted. i have deposited all the amount by single challan by giving one seller details (PAN). i also tick on more than one seller and purchaser. what to do.
thanks
11 December 2014
no, only 1 challan is sufficient and need to deduct tds in proportion of share in sales consideration given by buyer.
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