1 % tds on purchase of property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 March 2018
if we are purchasing a property of Rs 52.00 lakh in joint name. then we have to file 1 % tds on 2 parts with consideration amount 26.00 lakh or we have to file tds on consideration price of 52.00 lakh
question 2) we are applicable for 1 % tds or not ? as we have the property on joint name and when we filing the tds then the amount should be 26.00 lakh on each challan. which is below 50.00 lakh
question 2) we are applicable for 1 % tds or not ? as we have the property on joint name and when we filing the tds then the amount should be 26.00 lakh on each challan. which is below 50.00 lakh
KAVIRAJA ADDANGADI
(Expert)
25 March 2018
Firm 26QB you opt more than one buyer sale considerations mention 52 lakhs you can show sale consideration property ornately in terms of numbers and TDS @1% propertionately.
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