I am looking to buy a property in single name where in there are 3 sellers. Their respective % share in the property is not clearly mentioned in the existing sales deed. One of the seller has mentioned that for all Income Tax purposes he is the 100% owner of the property.
For the purpose of deducting TDS, I am told to deduct the full amount of TDS and report it only for 1 of the seller who claims to be the 100% owner. As a buyer how should I ensure that I am not exposed to a query because of this claim from one of the sellers? Can I report the TDS in favour of 1 of the sellers? What document or proof should I ask from the seller to confirm on his claim of 100% ownership in the property?
CAclubindia
