Hi
A friend of mine purchased a residential property and there are four joint owners for the same.
He deducted 1%of the consideration as TDS and deposited the same.
Of four owners, he got e- mail confirming no default for 3 owners, and another mail telling there was default on one of owner on Pan and aadhar not being linked and was asked to deposit 20% of consideration as TDS.
Since the registration is not done yet, should he convince one of the seller to deduct the 20% tds?
Also, please let me know will the seller able to ge the refund of the TDS deducted at higher rate.
Or is there any other options available
Thank you and looking forward for the best solution
CAclubindia
