My client buy a property with his friend . Property is registered under both of them.Total payment is 70 lakh. My client pay his 35 lakh from his account. And his friend pay his share of 35 lakh from his account. In this case property value is below 50 lakh for my client, will my client liable to deduct tds under section 194ib.
Please somebody reply .
Thanks ma'am , i checked the case which you mentioned.
One more question. The seller is asking pan detail of my buyer. Should my buyer provide the pan detail to seller
Already adhar and pan must be mentioned in sale deed......it is mandatory to give pan and adhar in sale deed......why asking .....just refer deed
Thanks to all of you for clearing my doubt.
paying tds is compulsory while purchasing house.
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