TDS on Property

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  1. Dhiraj2050

    Dhiraj2050 New Member

    If the value of Property is Rs 7000000 and there is two buyer and the payment is made through single buyer then how the TDS deducted and if I have to file two form separetely then what will be the value of property in each form and share of TDS.
     
  2. ZED

    ZED Well-Known Member

    1.Both of the buyers will have to deduct Tax at source.

    2. Put the value as 70 Lacs. The tax must be accurate. We do not have to mention the share the share of TDS or share in property. We only need to mention that whether there are joint holder and seller of the property or not.
     
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