https://www.taxtmi.com/forum/issue?id=120679 For a jointly owned under construction property, each registered co owner is liable for tax reporting and TDS on their ownership share. TDS at 1% applies on payment or credit and separate Form 26QB filings are required per buyer seller pairing. Funds contributed by a grandfather may be treated as a tax exempt gift; retain a stamped gift deed and bank evidence to substantiate the source. Ownership share, not payment account, governs TDS allocation and independent tax computation by each co owner. en-us Mon, 29 Dec 2025 18:56:34 +0530 Fri, 16 Jan 2026 16:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120679 For a jointly owned under construction property, each registered co owner is liable for tax reporting and TDS on their ownership share. TDS at 1% applies on payment or credit and separate Form 26QB filings are required per buyer seller pairing. Funds contributed by a grandfather may be treated as a tax exempt gift; retain a stamped gift deed and bank evidence to substantiate the source. Ownership share, not payment account, governs TDS allocation and independent tax computation by each co owner. Discussion-Forum Income Tax Mon, 29 Dec 2025 18:56:34 +0530 https://www.taxtmi.com/forum/issue?id=120679