04 April 2018
A joint property was held by two persons say A and B, who sold it to 4 persons say D,E,F and G, who were joint buyers. D and E deposited TDS of their respective shares in the Account of A and F and G deposited TDS of their respective shares in the Account of B with the result that whole TDS deducted by them has been deposited with Income Tax.
IS IT A VALID TRANSACTION PARTICULARY WHEN THE INCOME TAX HAS RECEIVED THE WHOLE AMOUNT OF TDS.
CAclubindia
