28 August 2020
Hello Sir. I hv a property which is jointly held by my wife and my sister in law. We have finalised the deal to sell it. My question is : Suppose if total TDS amount which is expected to be deducted by the buyer is 1 lakh, then should we request the buyer to issue TDS CERTIFICATE of Rs. 50K to each of the individual name of two of us....or let the buyer issue one consolidated TDS Certificate of 1 lakh but then we each need to claim for TDS of 50K in our Tax returns. Please guide. Thanks.
CAclubindia
