11 January 2016
dear sir, my client purchase property Rs. 3 cr. in this propety there is 3 seller suppose A,B,C, & Share of "A" is rs 3 cr ,Share of "B" is Rs. 25 Lac & Share of "C' is Rs. 25 lac. Now my question is whether purchaser "B" & "C" is liable for tds .
11 January 2016
TDS is required to be deducted where consideration for the transfer of an immovable property is 50.00 lacs or more. The limit is based on consideration of property. Your client has to deduct TDS of all the vendors i.e. A, B & C.
CAclubindia
