Tds infomation about sec 194ia
This query is : Resolved
11 January 2016
dear sir,
my client purchase property Rs. 3 cr. in this propety there is 3 seller suppose A,B,C, & Share of "A" is rs 3 cr ,Share of "B" is Rs. 25 Lac & Share of "C' is Rs. 25 lac. Now my question is whether purchaser "B" & "C" is liable for tds .
please reply
Thanks & Regards
my client purchase property Rs. 3 cr. in this propety there is 3 seller suppose A,B,C, & Share of "A" is rs 3 cr ,Share of "B" is Rs. 25 Lac & Share of "C' is Rs. 25 lac. Now my question is whether purchaser "B" & "C" is liable for tds .
please reply
Thanks & Regards
Jaspal Singh
(Expert)
11 January 2016
Are there three sellers?
CA PARAS BAFNA
(Expert)
11 January 2016
TDS is required to be deducted where consideration for the transfer of an immovable property is 50.00 lacs or more. The limit is based on consideration of property. Your client has to deduct TDS of all the vendors i.e. A, B & C.
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