I along with My wife have bought a flat at Rs 72 lacs
My wife is the first owner and i an the co-owner.
We have paid equal contribution of Rs 36 lac each.
We have deducted TDS of Rs 36000 each and paid Rs 72000/-to Income Tax online and submitted TDS certificate to the seller.
But now i have come to know that if individual contribution if is less than 50 lacs ,then TDS need not be deducted.
My question is:
Will there be any problem to the seller due to this?
Will seller be able to claim refund?