Tds on immovable property

Milan Agrawal (Chartered Accountant) (207 Points)

25 March 2015  

Dear all,

One of my client has purchased land wherein payment has been made to 2 persons:

1. XYZ (P) Ltd. (one of the owner of the land) - 90%

2. Mr. A (Power of Attorney holder of the rest of the owners of the land) - 10%

My Query is:

Whether TDS will be deducted in the name of Mr. A or in the name of the owners of the land in case of the 10% payment?

 

Regards,

CA Milan Agrawal