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 ?
CAclubindia
