TDS on DDA Flat Purchase

Quick Summary
When purchasing a DDA flat jointly, both purchasers are generally required to deduct and deposit TDS (Tax Deducted at Source) under Section 194-IA, even if payments were made from a single account. This is because the conveyance deed will be registered in both names, implying a 50:50 share unless otherwise specified. Each purchaser should file their share of the TDS and submit a Form 26QB. Failure to comply can result in penalties and interest charges.

Thanks you Sir for your kind suggestions. Regards!

@ Devesh Singh

You sorely missed the main difference.

It is called Eat the Cake and Keep it too. ( By DDA)

Understand plz:-

The 1% TDS is not the money withheld by the flat purchaser from DDA while making payment for the flat. This 1% is to be deposited to the Govt by the flat purchaser from their own pocket and obtain Form16B for giving to DDA, which will then show it to the Govt as rules kept correct.

So the DDA flat buyer would be spending 101% of the flat price + stamp duty etc of course.

Thanks you Sir for your suggestions. Regards!

What is the penalty on late payment of TDS?

@ Vishwajeet

Any late payment of tax attracts interest payment.

Plus penalty in some cases.

In case of depositing TDS to the Govt [by the party deducting the TDS], the penalty could be as high as 200% of the TDS amount.

https://busy.in/tds/penalty-late-payment-filing/

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 07 October 2026
Article assistant

S.K.Bajpai & Co.

Noida

B.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details