194 IA APPLICABILITY


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This discussion clarifies the applicability of Section 194IA regarding property purchases. If an individual buys two separate flats from the same builder, and the value of each individual flat does not exceed 50 Lakhs, then Section 194IA is not applicable, even if the total purchase value exceeds 50 Lakhs.

13 August 2021 IF SOME ONE WANT TO BUY 2 FLATS WHICH VALUE IS FLAT 1 IS 35 LCS AND 2 IS 40 LCS BOTH TOTAL IS 75 LCS
PURCHASE FROM SAME BUILDER
BOTH FLATS SALE DEED REGISTERED SEPERATELY
IN THIS SITUATION S 194 IA APPLICABLE OR NOT?

13 August 2021 In this situation 194 IA not applicable, as each property value doesn't exceed 50 lacs.

14 August 2021 great thanks for your advice sir...


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