TDS paid in Advance

TDS & TCS
1

Hi. I along with my mother are buying an under construction property worth 2.29 CR.
We are going to be paying the whole value in installments this year and so far has paid just 10%

While paying the TDS I paid the entire TDS amount of 2 lacs 29 thousand (1% of entire purchase price) under my form 26B

Questions:

Is it ok to pay the entire TDS amount in advance?

Is it ok if I put the entire TDS amount under my form?

Do we need to file form 26B for my mother as well and What values should we put for her payments?

2

Hello @Gautam_Walia

TDS in Form 26QB must be deducted on each installment and cannot be paid in advance. Since the property is jointly owned by you and your mother, it is advisable to file the TDS return under both names. Additionally, if no specific ownership percentage is mentioned, the amount paid should be equally distributed between both owners.