TDS ON SALE OF JOINTLY HELD PROPERTY
This query is : Resolved
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
• ❌ No TDS if each share < ₹50 lakh
• ✔ TDS applicable if individual share ≥ ₹50 lakh
• ✔ Ensure separate 26QB filings
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