Section 194ia
This query is : Resolved
Dipak singh Bartwal
(Querist)
08 January 2014
as per this section the buyer has to deduct the tds if the sales consideration exceeds rs.5000000. so my query is that if their is a joint buyer purchase a house property for rs.9000000 still they have to deduct the tds
CA PARAS BAFNA
(Expert)
08 January 2014
Yes, as the consideration for transfer of the property exceeds 50.00 lac, TDS is required to be deducted by both the buyers.
.
.
Nikhil Kaushik
(Expert)
08 January 2014
yes...the value is to be looked property wise instead of looking at per buyer contribution.
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