Tds on property purchased

This query is : Resolved

dipendra jagannath kuvalekar (Querist)
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04 December 2014 We purchased resident property of Rs. 1cr. We Took loan from financial Company.

Company whole payment to seller through Financial company (loan).

Company Deduct Tds on Property Form which company?
Seller or Financial Company (Loan Party).

Amol S Joglekar

Amol S Joglekar (Expert)
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04 December 2014 "WE" in the above query should make the TDS. ok?
Dont bring and confuse the finance company in between. ok?

It seems that you have made ALL the payment to seller and therefore you are in soup.
In that case, REQUEST the seller to give you back the amount of TDS, else tell him you will infor the Income Tax Department.

dipendra jagannath kuvalekar

dipendra jagannath kuvalekar (Querist)
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04 December 2014 Thanks Amol to clarify my Query

Amol S Joglekar

Amol S Joglekar (Expert)
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12 December 2014 You are most welcome.
.
.

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