SEO Sai Gr. Hosp.
210128 Points
Joined July 2016
1. I deduct whole 1% TDS a) In this situation is IT likely to issue her a notice of TDS default? How to tackle this?
Ans. No. as her shar in the property is NIL
b) If I take this route, should I mention in 26QB that there are more than 1 buyers? Any example on how to fill 26QB for this?
Ans. Yes, with zero percentage share
2. I make her do small contribution to seller from her savings e.g. 50,000-1 lakh and deduct TDS based on that so that compliance is fulfilled. Rest payments would be done by me and i would deduct the TDS on my contributions?
Ans. Better Idea, but specify her share in the property.