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Tds liablity on buying commercial property

This query is : Resolved 

11 April 2024 Our proprietor's wife bought a land and building worth 94 lacs. The land value is 20 lacs and building value is 70 lacs. Does TDS needs to be paid in this case.

12 April 2024 Yes, 1% TDS applicable in this case under section 194IA.

12 April 2024 Sir, am i right that TDS to be deducted for 44 lacs only? i.e., above the 50 lacs value




12 April 2024 No, TDS applicable on entire value.



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