TDS proportion to be paid for joint property in Husband and wifes name

741 views 1 replies

We purchased a property in April 2023 on the name of me and my wife. We initially paid the amount of 73 lakhs to the builder after agreement. Payment from my wife's account was 15 lakhs and payment from my account was 58 lakhs. However while paying the TDS we 50% TDS each. can you please advise if this will have any implications?

Also the remaining amount will be paid by Home loan taken from bank for which EMI's are being paid from my Bank account. Can you advise here if the TDS should again be paid 50% by each of us or it will be ok if i pay the TDS from my account based on Bank disbursement installments?

Would really appreciate your comments on my situation.

Thanks,
Rahul

Replies (1)
The first holder will be liable to pay for tds

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 29 June 2026
Article Assistant

Alvino Consultancy LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details