02 March 2023
Sir, Mr A & Mrs B both purchased an Office & agreement registered on 15/2/23 for Rs 70 lacs. The Ready Reckoner Value of which is Rs 75,10,000/-.Mr A has paid Rs 39 lacs & Mrs B has paid Rs 31 lacs respectively for the said office. My query is whether TDS on Property Rs 75,100/- is to be paid as follows Rs 39,000 +2841 = 41,841/- by Mr A or 37,550 /-(equal share) Rs 31,000+ 2259 =33,259 /- by Mrs B or 37,550/- (equal share) --------- 75,100/- ( on bal Rs 5100 (75,10,000 (-) 75,00,00 in the ratio of their investment 39 lacs :31lacs ie 55.71% or 44.29%
Please clarify what amount of TDS on Property Mr A & Mr B respetively has to pay. Regards,