TDS on purchase of immovable property multiple buyers with one buyers having no contribution

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arunkumar rajendran (Querist)
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01 October 2021 Dear Experts.
I am looking to buy a house and register it for 57 lacs, I am contributing 7lacs and Bank is funding 50 lacs.
I would like to add My mother as co-buyer , though she has no income and not contributing to the purchase.
All the Payments have been done from my account , except for 1 lacs Cash payment.

1. Do I need to fill 2 Form 26Q in this case for the 1% TDS for my PAN and mother's PAN
2. Can I deposit the TDS amount 100 % from my PAN number and seller PAN number alone.
3. Would this create any compliance issue for my Mother as she would mention her PAN number too in the Sale deed.
Kindly advise at the earliest..

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 October 2021 1. Yes.
2. Not advisable.
3. Not at all.

arunkumar rajendran

arunkumar rajendran (Querist)
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01 October 2021 Sir, Thank You so much for the prompt advice. Just a follow up query..
Do I have to equally split the TDS in my name and my mother name ? Can I do it disproportionately otherwise. The Payments made so far is from my account( Cheque ) and Bank Loan , I have provided a token amount 1L only as cash.
I didn't want to deposit the TDS from her PAN because she has no contribution/income .
I didn't want to create a notion that she is funding the property.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 October 2021 Yes, can be done. To justify your claim, you will have to add a clause in the sale agreement, that the name of (mother) second owner is added only for safety purpose; otherwise First owner has 100% share in the property.

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arunkumar rajendran

arunkumar rajendran (Querist)
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02 October 2021 Sir, Thank You again for your prompt advice...

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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02 October 2021 Most Welcome ....

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