Sec 194ia

dear sir, my client purchase property Rs. 3.5 cr. in this propety there is 3 seller suppose A,B,C, & Share of "A" is rs 3 cr ,Share of "B" is Rs. 25 Lac & Share of "C' is Rs. 25 lac. Now my question is whether seller "B" & "C" is liable for tds . & out of "B" & "C" one seller is senior citizen ,both B & C are non PAN holder & PLEASE SAY ME RATE OF % TDS WHETHER 20% OR 1% (ABOVE PROPERTY COMING UNDER INHERITANCE PROPERTY) please reply Thanks & Regards
Replies (1)

TDS has to be deducted by the buyer of the property @ 1% of sale value if valid PAN is provided by the seller; if not,  TDS will be deducted @ 20%.

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