TDS on Purchase of Residential Property

This discussion addresses the Tax Deducted at Source (TDS) implications when purchasing residential property, especially with co-owners. The primary concern is how to correctly file Form 26QB when the property is jointly owned by a husband and wife. It is advised to file two separate Form 26QB applications, one for each co-owner, to comply with regulations. If TDS has already been paid incorrectly on a single form, rectifying the mistake can be difficult, though edits might be possible before payment is finalised.