Considering there are multiple buyers, I know we have to pay TDS for each buyer. But few questions
- Total Value of
Consideration (Property
Value) - Total amount paid/credited in previous installments, if any
- Total Stamp Duty Value of the Property
What values should be filled in each of these. Should I fill my indiviual share of combined share. Lets assume my share is 75% and my wife's share is 25%.
Property value : 2 crore
Amount already paid : 1 crore (75 lakh from my account, 25 lakhs from my account)
Should total value of consideration 2 crore(total value) or 1.5 crore(my share)
Similarily Total amount paid/credited in previous installments, if any should it be 1 crore or 75 lakhs
What about Stamp duty value
Also I assume if my contribution is 75%, my wife contribution is 25%, I assume It should be ok If I pay 3 installments entirely from my account and fourth one entirely from my wife account
CAclubindia
