TDS U/S 194IA for joint buyer

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PROBIR KUMAR SAHA (Querist)
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18 October 2022 A purchased a flat and added his wife B as joint owner (who has no income except some bank interest but still files IT returns).
A paid the total amount of 80 lacks from his bank account by draft to X the seller.
SHOULD A DEDUCT 80000 AND SUBMIT 26QB OR A and his wife B both should submit (two )26QB in the name of X.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 October 2022 What would be share of wife in the property, as per agreement/deed?
If nothing mentioned in the deed, take it as 50:50 ratio and file forms 26QB accordingly...

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PROBIR KUMAR SAHA

PROBIR KUMAR SAHA (Querist)
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18 October 2022 Two 26QB ? Even when wife made no payment.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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18 October 2022 Yes, as the form is to be filed as per share in the property.

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