Dear Sir / Madam,
I'm in a bit of a sticky situation here where I'm purchasing a property (over ₹50 lacs) from an NRI. He has applied for a Lower TDS certificate which has been received as well. The part that I'm concerned about is that the TDS certificate is against his name whereas there are 3 owners in the property viz. the seller (NRI), his wife (NRI) and mother (Indian resident). If I pay only into his account, will that resolve the situation?
How do I treat this and move ahead, please help.
Thank you in advance!
CAclubindia
