TDS on property - Form 141 query

This query is : Resolved

Quick Summary

This discussion addresses a query about TDS on a jointly purchased under-construction property. The user, who financed the entire property, paid TDS on earlier instalments using only their PAN. Now, for the third instalment via Form 141, they need guidance on how to declare their wife's share and whether to split the TDS 50-50 or allocate 100% to themselves. The advice suggests reflecting correct ownership proportions in Form 141 and considering rectification for past filings where only one PAN was used.

limn limn

limn limn (Querist)
Follow

26 July 2026 I had purchased an under construction property jointly with my wife in 2021 and which will be fully financed by me. I have paid the TDS on the booking amount paid to the builder in 2021 and subsequent instalment in 2022. Both tds were filed with my pan. Now in Form 141 for third instalment I see option to put share for each buyer and last tds receipt details. How should I fill it for my wife, since earlier two TDS were completely paid by me. Please guide.

Also should it be paid 50-50 in this case or can I put myself as 100% share in form 141 and submit

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

26 July 2026 Form Breakdown: Reflect the correct ownership proportions (e.g., 50-50) for the current installment rather than allocating 100% to yourself, ensuring consistency with your joint property agreement.

Past Filings: Rectify or note the discrepancy from the 2021 and 2022 filings where only your PAN was used, ensuring future Form 16B certificates match the correct taxpayer shares.

limn limn

limn limn (Querist)
Follow

26 July 2026 Thanks for your reply. What do you mean here, is it possible to rectify it now? - Past Filings: Rectify or note the discrepancy from the 2021 and 2022 filings where only your PAN was used, ensuring future Form 16B certificates match the correct taxpayer shares.

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