Dear Sir
I am a tax filer, If i pay Rs. 100,000/- as advance tax (or withholding tax) againt a plot purchase i can claim this tax / or can get this tax adjusted at source in the same tax year.
My question is, if the plot is transferred against 02 persons, i,e me and my brother
How will we get the refund ?
Will it be 50% for each i,e i claim 50,000/- and so does he ?
Or is this any more complicated than that ?
Please guide me on this !
Thanks and Regards
Dear Muazzam ,
It will be 50% for each of you , if both are tax filers.
Jazak Allah
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