Discussion is on TDS under Section 194-IA on sale of jointly owned property. Query is whether 50 lakh threshold applies per co-owner or on total sale value. Views differ, but clarification: TDS applies on total consideration of property, not individual share, with 1% TDS if overall exceeds limit.
04 April 2026
INCASE OF LTCG ARISES ON SALE OF IMMOVABLE PROPERTY. IF TOTAL SALE CONSIIDERATION EXCEEDS 50 LACS THAN 1% TDS IS APPLICABLE. BUT IN CASE OF PROEPERTY OWNED BY MORE THAN 1 PERSON i.e. CO OWNERS ARE THEIR THAN INDIVIDUAL SHARES IS LESS THAN 50 LAC THAN 1% TDS IS DEDUCTABLE??
04 April 2026
• Threshold of ₹50 lakh is per co-owner (seller-wise) • ❌ No TDS if each share < ₹50 lakh • ✔ TDS applicable if individual share ≥ ₹50 lakh • ✔ Ensure separate 26QB filings