A an individual execute and Register a Power of Attorney appointing X as the POA in respect of his Land to sell the Undivided share of the Land and also develop the Property into flats and also sell them to prospective buyers
The value of each flat to be sold is above 50 Lacs.
X being a builder himself, construct and sell the flats to the buyers.
Query: 1. Towards compliance of the TDS provisions under I T Act, Which is the PAN number to be put/entered by the Buyer while remitting the TDS amount in 26QB challan. Is it the Land owner "A" s PAN number OR the PAN number of the POA/Builder viz., "X".
Query 2. In another Scenerio, if the Land Owner is not interested in the Development of the Land and gives Power ONLY FOR SALE OF LAND EITHER TO ONE PARTY OF MORE THAN ONE PARTIES, and the UDS buyers appoint the Builder to do the Construction , then in that case, what is the PAN number to be put/entered in the 26QB by the Flat Buyers.
