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TDS Deduction on behalf of seller

TDS / TCS 395 views 4 replies

I have purchased a flat of 86 lacs in my and mother name....I have made the complete payment through self funding and loan(on loan document mother has also signed as she is coapplicant in flat registry paper but I will be paying the all EMIs). My mother is a housewife.She does have any source of income.


I deducted and submitted 1% tds from my and mother PANs i.e. 43k from my pan and 43k from mother pan on the seller PAN ...is this fine ?



Replies (4)

Yes, provided the seller is Indian Resident.

Mother is a housewife...she has not made any contribution.....so is it fine if I deducted tds from her PAN as well as her name is there in registry paper

If both the buyers have deducted TDS, who paid the amount doesn't matter.

You hv to deposit tds from mothers pan


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