CA Day celebration 2024 Easy Office
LCI Learning

TDS on immovable property two buyer +1 seller case

This query is : Resolved 

22 June 2024 We are two joint buyer in a construction linked one property flat valuing 52 lacs , Before June2024, 95% payment was made , the value of property is 52lac. The TDS 1 % is deposited from the PAN no of ist buyer only m now last payment of 5% is also made .
So should we co may last EMI TDS 1% also with Ist buyer PAN no Forms26QB or both buyer can deposite the TDS , In case of second buyer earlier no TDS was deducted . Also also Form16 B was also issued to builder as per the TDS deposited form ist Buyer .


Yes declared another joint buyer .
But not aware of share of individual. As system is asking for total consideration value .

23 June 2024 Whether in the first first form 26B filled mentioned him as joint buyer?
If yes, whether share in the property declared?

23 June 2024 Yes declared another joint buyer .
But not aware of share of individual.
As system is asking for total consideration value and Total Payment made in installment, Date of Payment.


24 June 2024 If share of the second owner not declared. you my continue for final TDS with first owner, but do expect query from ITD.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query