A,B,and C has purchased residential flat for Rs.1,10,43,645/- as three equal owners payment for ythe same after 01/06/2013 is Rs.39,94,030 /- to be paid bfore 30 september 2015 registration has been made on last week of june 2015 whether TDS u/s 194IA will bw liable for deduction in view of the fact that value of the property is more than of Rs 50,00,000/- buit however payment after 01/06/2013 is less than 50,00,000/-
Tds
Replies (2)
TDS is applicable as language of law is "If SALE CONSIDERATION is > 50L...."
TDS is applicable if total payment from all three persons is >50L as language of law is "If SALE CONSIDERATION is > 50L...."
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