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Sec 194ia

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(Querist)
02 July 2013 IS THAT SEC 194IA APPLICABLE ON JOINT PURCHASE OF PROPERTY BY HUSBAND & WIFE.TOTAL VALUE OF PROPERTY IS RS.82 LAKH AND BOTH HUSBAND & WIFE HOLD 50%SHARE
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Rajat Poddar

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Rajat Poddar (Expert)
02 July 2013 yes.. its applicable...
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kunal

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kunal (Expert)
02 July 2013 section 194-IA is applicable on total value of property..



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 July 2013 Each co owners share is less than the threshold limit, therefore, section 194IA doesn't apply.

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