If I purchase a property which is jointly owned, should I make payment (of the agreement value) to both the owners separately as per their share? Will the TDS be deducted from both the parties and separte 26QB/ 16B has to be genertaed?
If I purchase a property which is jointly owned, should I make payment (of the agreement value) to both the owners separately as per their share? Will the TDS be deducted from both the parties and separte 26QB/ 16B has to be genertaed?
Thank you, Sir. I presume you were the buyer of the property jointly owned. Did you specify the shares of all the sellers in the deed you prepared? What was the document you relied on to ascertain the respective shares? Hope I am clear on the query. Thanks for your response.
Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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CAclubindia
