Allotment letter for a flat was issued by State Housing Board in favour of Wife & Husband as joint owners. Entire payment due for the flat was made by Husband out of his retirement benefits & salary savings.
1% TDS u/s 194IA was deducted by both husband for 50% & wife for 50% of flat price which are appearing in respective AIS/TDS/26AS.
Applicable Rental income for the flat for FY 2023-24 was declared in ITR-2 by Husband & wife each 50% as Co-owners.
Any other compliance reg. Flat purchase is to be done in Compliance Portal reg. Purchase of Immovable property by Husband & wife?
Santhanakrishnan
CAclubindia
