TDS Deduction incase of cobuyer

Vicky Kumar (Job) (58 Points)

27 June 2024  

I have purchased a flat of 86 lacs in my and mother name....I have made the complete payment through self funding and loan(on loan document mother has also signed as coborrower but I will be paying the all EMIs). My mother is a housewife.She does have any source of income.

I deducted and submitted 1% tds from my and mother PANs i.e. 43k from my pan and 43k from mother pan on the seller PAN ...is this fine ?