Applicability of tds u/s 194ia

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 June 2015 Dear Friends,

Please suggest whether TDS is applicable u/s 194IA when there is sale of property (building) by 3 different persons to a single person.


15 June 2015 If it is one property valuing more than 50 lacs then TDS applicable.

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 June 2015 Thank you for the reply.

If there is a sale of building worth Rs. 30 lacs each by 3 different people (total Rs. 90 lacs =30*3) to a single buyer will TDS u/s 194IA is applicable.

16 June 2015 194IA not applicable being each property owned by different people valuing less than 50 lacs.


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