Tds in case of jointly purchased property
This query is : Resolved
05 December 2024
In case property purchased worth Rs.70 lacs by husband and wife jointly. will TDS deduction be applicable ????as individual limit will be below 50 lacs(i.e. 35 lacs)
05 December 2024
If the total consideration paid by all buyers exceeds INR 50 lakhs, TDS must be deducted, regardless of whether each buyer's individual contribution is below this threshold. For example, if two buyers each contribute INR 35 lakhs towards a property worth INR 70 lakhs, both are required to deduct TDS on their respective payments.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR7 VS GSTR3B
- Clarification on Monthly Reset of Invoice Serial Numbers under GST
- Income Tax Return under Old Regime for A.Y. 2025-26
- RENTAL INCOME-GST
- Regarding Confusion in ITC.
- Disturbing entry reflected in AIS increasing scope of notice u/s 69
- HOW TO DOWNLOAD 26AS FOR A.Y. 2007-08.
- Strange tax problem
- TCS on travel expesnes
- Section 54 f disallowed will be taxed at what rate
- Form 67 FTC
- RCM invoice related
- Ginning machinery
- Will some one share me the excel for RCM on goods&services along with tax rate and claiming ITC with
- Clarification and Guidance Regarding ASMT-14 Notice and GST Registration Requirement
- GSTR1 query HSN B2C
- GST ON TRANSPORTATION CHARGES FOR THE TRANSPORTAION OF EXEMPTED PRODUCTS
- Eway bill Query 1
- Clarification Regarding Applicability of GST E-Invoicing
- How to add last year March invoice to current GSTr1 return
Trending Online Classes
-
Certification Course on GSTR-3B Reconciliation with GSTR-2B through AI Tools
CA Deepak Gupta15 July 2025
CAclubindia
