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Tds on property

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(Querist)
05 December 2014 Whether TDS is applicable if we purchased two properties from one person having sales consideration Rs 45 lacs each in the same financial year.?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014
what is the total value of both properties???????
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Puneet Goyal

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Puneet Goyal (Querist)
05 December 2014 Total value of both properties is Rs 90Lacs, Rs 45Lacs each
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 if agreement is seperate then no need to deduct tds.
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Puneet Goyal

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Puneet Goyal (Querist)
05 December 2014 but we had purchased property from a single agreement and selling it under separate sale agreements..
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 in first part u said ur buying now u say ur selling pls clrearify who is buyer and who is seller..give all info in detail
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Ganeshbabu K

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Ganeshbabu K (Expert)
05 December 2014 If your purchase exceeds 50 lakhs in a transaction TDS applicable
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SANYAM ARORA

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SANYAM ARORA (Expert)
05 December 2014 It would be applicable as you say it covers under a single agreement.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
07 October 2021 TDS will be applicable during purchase of lands.
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