16b

Ashwin N (Chartered Accountant) (192 Points)

26 June 2014  

Hi All,

We are purchasing the immovable property of Rs.100 Lacs.

Share:-

Father=30%

Mine:70%.

First i will be paying Rs.10 Lacs from my account.after that we will be paying.then my father and will be proportionate share ratio and bank will pay Rs.20 lacs as housing loan.

My question:-whether while making payment of Rs.10 lacs whether i will make paying of Rs.10,000/- thru my account singly.or need to make payment theu my father account also in 70:30 ratio.whether after some time our ratio changes to 80:20.whether it will impact TDS payment