31 August 2018
i sale a property at rs 1 crore which is on joint name but the buyer deduct the TDS amount from a single name. now what we can do ?
1) if the TDS amount deduct from a single name is Rs 10lakh ( 1% on 1 crore). or 2) if the TDS amount deduct from a single name is Rs 5 lakh (1% on 50 lakh)
31 August 2018
1) The individual can declare Capital Gains to his account fully and adjust the TDS fully. or Both can individually declare their share of capital gains in the agreed proportion and can adjust TDS only with the individual in whose name IT was deducted. 2) Both can individually declare their share of capital gains and claim their respective TDS.
CAclubindia
