TDS on purchase of resale flat
This query is : Resolved
JITENDRA RAMESH MORE
(Querist)
30 September 2021
Dear Sir\Madam,
I have to ask you if the flat purchased by husband-wife jointly & making payment from common bank account, than the TDS should be pay to government in the ratio 50-50% or by first holder only. I have to also inform that the ratio was not mention in agreement.
I have to ask you if the flat purchased by husband-wife jointly & making payment from common bank account, than the TDS should be pay to government in the ratio 50-50% or by first holder only. I have to also inform that the ratio was not mention in agreement.
Dhirajlal Rambhia
(Expert)
30 September 2021
Even if ratio not mentioned, it is presumed to be 50:50, so advisable to be deducted by both.
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