Applicability of section 194ia

This query is : Resolved 

Querist : Anonymous (Querist) 03 July 2013

Is Sec 194IA applicable if the sale consideration of an immovable property is more than Rs. 50 Lakhs, but the number of purchasers are 11 and the sale consideration paid by each one of them is less than Rs. 50 Lakhs?
Is Section 194IA applicable per property wise or per purchaser wise?

CMA Ramesh Krishnan (Expert)
28 August 2013

Threshold limit is single PAN. so your case tds will not apply

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