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Tds deduction on purchase of property.

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 March 2018 Dears, My query is with respect to deduction of tds on purcahse of property. Purchase of a house from joint owners.(Husband & Wife). One of coowner requires full consideration for sale in his account only and he will provide his wife consent in writing. My query is whether to deduct tds on name of owner who is reciving full consideration? Or deduct tds equally on both owners name. Full consideration for sale is going to receive by one co-owner only. Thanks in advance.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
15 March 2018 You have to deduct tds on both the co-owners, Since property owned joint name

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