TDS SEC 194IA

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This discussion clarifies whether Tax Deducted at Source (TDS) under Section 194IA is applicable when purchasing multiple land parcels via a single deed, provided the total value exceeds ₹50 Lakhs. The consensus is that TDS is indeed deductible, especially when the sale price for each individual land parcel is clearly segregated within the deed, even if the aggregate value crosses the threshold.

Krishna Joshi

Krishna Joshi (Querist)
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01 November 2021 IS TDS DEDUCTIBLE IF TWO OR MORE LAND PURCHASED ON A SINGLE DEED AND THE AGGREGATE VALUE IS MORE THAN 50 LAKHS RUPEES.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 November 2021 How the agreement is made? Whether the sell price for each land is segregated?
Or the total cost is mentioned in aggregate?

Krishna Joshi

Krishna Joshi (Querist)
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18 February 2022 YES THE SALE PRICE OF EACH LAND IS SEGREGATED. THE DETAILS IS GIVEN IN DEED AS STATED BELOW
AREA OF LAND SETFORTH VALUE
37 DEC 38 LAKHS
36 DEC 37 LAKHS
14 DEC 14 LAKHS
TOTAL :87 DEC 90 LAKHS

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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26 February 2022 In case of same seller, TDS applicable...

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