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Section 194ia

CA VIVEK JHA (CHARTERED ACCOUNTANTS) (264 Points)

18 April 2016

If property held in joint name (ie more then two seller) then whose PAN No. we should mention while paying TDS. Whether both seller or any one of them?

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5 Replies

Shubham Gupta (Business Consultants) (2077 Points)
Replied 18 April 2016

Both sellers PAN will need to be mentioned

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CA VIVEK JHA (CHARTERED ACCOUNTANTS) (264 Points)
Replied 18 April 2016

Thanks but in Challan, there is no option to feed PAN No of both seller

Shubham Gupta (Business Consultants) (2077 Points)
Replied 18 April 2016

sir,

2 challans need to filed.

Varun Sharma (Proprietor-Sharma Varun & Co.) (244 Points)
Replied 18 April 2016

If more than One Buyer or Seller:

Challan and Form 26QB will be filled in by all the buyers for respective sellers for their respective share. For example in case of one buyer and two sellers, two challan and Form 26QB have to be filled in and in case two buyers and two sellers, four challan and Form 26QB have to be filled in for the respective property shares.