TDS on Sale of Property
This query is : Resolved
06 October 2020
Dear Experts,
If I buy 2 properties from a single seller, one is above 50 Lakh & second is below 50 Lakh. What will be a TDS treatment? Will both be considered for TDS or only one which is above 50 Lakh?
Please consult me on priority.
If I buy 2 properties from a single seller, one is above 50 Lakh & second is below 50 Lakh. What will be a TDS treatment? Will both be considered for TDS or only one which is above 50 Lakh?
Please consult me on priority.
06 October 2020
For 2 properties there will be 2 registries. Both the land or building will be different having difference location and different address. So, limit of 50 lakh belongs to single property.
So, you do not need to deduct TDS on property having value less than 50 lakh.
So, you do not need to deduct TDS on property having value less than 50 lakh.
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07 October 2020
Sir,
Thank you very much for the prompt help.
Thank you very much for the prompt help.
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