Jointly purchase of property from NRI

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111 Points Posted on 12 April 2021
in case of purchase of property jointly from NRI, can any one of the purchaser deduct and pay TDS?
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On 12 April 2021 at 17:12 Report
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This discussion explores the complexities of Tax Deducted at Source (TDS) when purchasing property jointly from a Non-Resident Indian (NRI). It questions whether one purchaser can deduct and pay the TDS, or if it must be done jointly. Further clarification is sought regarding the scenario where all payments originate from one buyer's account, while another individual is added as a joint owner, and whether TDS deduction is still required from both parties.

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Chartered Accountant
24588 Points Posted on 12 April 2021
TDS should be jointly Deducted
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On 12 April 2021 at 17:40
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Article
111 Points Posted on 12 April 2021
Okay thanks
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On 12 April 2021 at 17:42
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Chartered Accountant
24588 Points Posted on 18 April 2021
Your welcome
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On 18 April 2021 at 14:17
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self-employed
99 Points Posted on 06 September 2021

What will be the status if all the payment is coming only from the 1st Buyer's account, and the 2nd (Joint) buyer is  added as a Joint owner (eg Wife's name added as joint owner, but all payments from husband's acount). 

Will TDS still have to be deducted by Both?

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On 06 September 2021 at 12:18
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self-employed
99 Points Posted on 06 September 2021

What will be the status if all the payment is coming only from the 1st Buyer's account, and the 2nd (Joint) buyer is  added as a Joint owner (eg Wife's name added as joint owner, but all payments from husband's acount). 

Will TDS still have to be deducted by Both?

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On 06 September 2021 at 12:24

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