Hi, I am planning to buy a property. The property is on sellers maiden name (Prasaana Lakshmi reddy). She is now married to Suresh Rao and has PAN number as Prasanna Lakshmi Rao and Bank account with UCO bank as Prasanna Rao. As you can see there is difference in all the three names. Seller wants me to issue payment in favour of Prasanna Rao and I need to also do TDS since the transaction is exceeding 50L. I request the learned forum members to guide me if there is any issue in the same. She is willing to provide me with e Marriage Certificate. Would this be enough? Looking forward for suitable guidance. Can I do the TDS on the PA n with her new name which the property sale happens on the maiden name? Thanks, regards, Vamsi
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Tds pan name different seller name
Replies (2)
besises the copy of marriage certificate i would suggest u to ask for an affidavit stating the facts that all three names are of the same person and that pan is alloted in that name. after this you will be on safer side.
Hi Tribhuvan,
May I know the process of affidavit. Is it just a self declaration and notarised? Is it to be done on stamp paper, if yes, what should be the stamp value? thanks.
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