13 October 2024
There are three coparceners [one mother and two daughters] selling a residential property to an individual. Both the daughters will not receive any share from the sale proceeds money from their mother. They have given power of attorney to the mother. Mother only will execute the sale deed. Purchaser has to deduct tax and pay it in seller’s PAN. Now, purchaser’s doubt is whether can she pay the entire TDS amount into mother’s PAN only?
CAclubindia
