Dear experts,
a husband and wife jointly purchased a property worth Rs.60 lacs and the wife deducted entire 1% tds of Rs.60000 and paid via 26 qb form.
will there be a problem as it is joint property and both of them hv to deduct tds and file separate 26qb??
is it like they had to pay 50/50 tds??
pls clarify
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Tds on joint purchase of property section 194 IA
Replies (2)
No.there is not provision to doing like so. how ever generally first holder is liable in case of joint holding to do compliance .
but i heard dept sending notice to the joint holder buyer who didn't deduct tax. other joint holder fully deducted tax. so in this case what can be done??
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