Dear All,
A & B (husband-wife) are buying a flat of value exceeding 50Lakhs. Mr. A is paying the amount from his account and B is just a joint owner for legal purposes. In this case, TDS @ 1% is to be deducted by A on full amount or by A/B on 50% of the value each?
In the case, if A & B have paid amounts in the ratio of 60% and 40% respectively then, whether to TDS is to deducted by respective amounts by A & B?
What should be agreement value to be entered in Form 26QB in case we pay TDS separately for A & B?
CAclubindia
