Sec 194ia


This query is : Resolved 

(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

02 July 2013 yes.. its applicable...

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

02 July 2013 Each co owners share is less than the threshold limit, therefore, section 194IA doesn't apply.


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