TDS on sale of property by joint NRI holders

Prasad Balakrishnan (11 Points)

06 May 2022  
A jointly (husband and wife)held apartment is being sold by NRI to resident Indian who are buying it jointly( Husband & wife). TDS on this has to be deducted and remitted. The question is should both the buyers individually have to deduct TDS on the half value of property on behalf of the NRI joint holders and remitt the same in individual PAN and generate Form 16 for each.