Section 194ia
This query is : Resolved
17 June 2013
SIR,
1.SELLER IS ONE(1)
2.PURCHASER ARE FOUR(4)
3.COST OF PLOT IS 1.70 CRORE
4.SALE DEED IS ONE
4. WEATHER PURCHASER ARE LIABLE TO DEDUCT
1% TDS WHILE INDIVIDUALY THERE SHARE IS FOR LESS THEN 50 LAC IN AMOUNT, HOWEVER THERE IS ONE SALE DEED.
PLEASE GUIDE
WITH REGARDS
GUNJAN GARG
1.SELLER IS ONE(1)
2.PURCHASER ARE FOUR(4)
3.COST OF PLOT IS 1.70 CRORE
4.SALE DEED IS ONE
4. WEATHER PURCHASER ARE LIABLE TO DEDUCT
1% TDS WHILE INDIVIDUALY THERE SHARE IS FOR LESS THEN 50 LAC IN AMOUNT, HOWEVER THERE IS ONE SALE DEED.
PLEASE GUIDE
WITH REGARDS
GUNJAN GARG
17 June 2013
yes You need to deduct TDS , No matter how many co-purchaser available.
Please refer following Link.
https://www.caclubindia.com/experts/tds-u-s-194-ia-in-case-if-joint-owners-1336119.asp
Please refer following Link.
https://www.caclubindia.com/experts/tds-u-s-194-ia-in-case-if-joint-owners-1336119.asp
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