Tds on transfer on immovable property u/s 194ia

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 December 2014 I have purchased a property with Rs. 58.82lacs. This amount is in sale deed.
In this amount Rs 1.35 lac is service tax paid by seller to builder.

Kindly let me know what will be the TDS amount
A] Is it 1% of Rs 58.82 lacs

OR

B] Is it the amount after subtracting service tax part from total sale deed amount.

13 December 2014 It is 1% of Rs 58.82 lacs.

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 December 2014 I have one more query

There are one buyer & two seller( having 50% share each). How will the TDS will be paid.
how will form 26Q will be filled as there is space for it only one name of buyer?

15 December 2014 Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in.


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