Tds and registration

Querist : Anonymous (Querist) 30 December 2020 This query is : Resolved
Hi,

Me and my wife booked a flat(under construction) in 2017. On the sale agreement, both of our names are present. I have taken home loan and she is co-applicant for the home loan. Since the property price is greater than 50lakhs, builder (we paid to builder and builder paid to govt) paid 1% tds on our behalf and while paying tds, builder has given my pancard details only and the same details were present in my form 26as. I have paid the loan amount to the bank and have taken the NOC. Our flat construction is completed now and we are going for registration. I paid the stamp duty on my wife's name and am going for registration only on my wife's name as sole owner.

In future, Do we face any problem w.r.t registration or tds ( as the tds is not shown in her form 26as ) ?

Reposting it in (property law) category too

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Isaac Gabriel (Expert) 30 December 2020
No problem.Howevwe take the assistane of a tax cosultant or make query in CA club of India for any doubt

Rajendra K Goyal (Expert) 31 December 2020
Broadly as per record, TDS was paid by you and the property belong to your wife.

TDS was paid on the amount paid and was duly accounted for by the builder.

There should be no problem, yet discuss in detail with tax consultant.

Rajendra K Goyal (Expert) 31 December 2020
Repeated query:

https://www.lawyersclubindia.com/experts/tds-and-flat-registration--727181.asp

Guest (Expert) 31 December 2020
Rajendra K Goyal is an Ex Banker and an Very Experienced Expert in these matters and you could contact him Rajendra K Goyal S/O Jainarain Goyal H No 1213 Sector 4 UE Gurgaon 122001. mobile 99995 61240

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