Section- 194ia
This query is : Resolved
01 March 2016
if mr x and mr y purchase property jointly of rs 60 ,00 000/- then who is liable for payment of tds mr x r or mr y or both are liable for payment of tds u/s 194IA.
Ganeshbabu K
(Expert)
01 March 2016
In case of a joint purchase of the immovable property, each co – owner is liable to withhold tax in their proportionate share
CA R SEETHARAMAN
(Expert)
01 March 2016
Both are liable for TDS.
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