Tds on property which has two sellers

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it
32 Points Joined January 2012

Hi Team. 

I am buying property with sale consideration of 

62Lakhs, two sellers are there as per sale deed

How to pay tds on this situation. Since per head comes around 31 Lakhs we are giving equal dd for each person separately. Do we still need to pay TDS? each person is receiving only 31 Lakh less then 50 means no TDS . Am confused, please help me? 

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On 18 August 2019 at 06:45 Report
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25 Points Joined September 2017
yes tds will be attract under section 194 IA , becouse gross value matter.
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On 18 August 2019 at 06:54
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student
268 Points Joined June 2018
In this case we have to see gross amount total sale consideration is more than 50 lac sellers will share the consideration in equal proportion in the same way TDS will attract and compulsory need to deduct
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On 18 August 2019 at 08:52
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intermediate
304 Points Joined July 2015
nop 50 lakh criteria apply on property not on saller so please deduct tds an ratio of Thier share in property
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On 18 August 2019 at 10:11
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9 Points Joined August 2017
you have to deduct TDS on 62 lacs.
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On 18 August 2019 at 10:22
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27 Points Joined June 2018
you have to deduct tds on gross amount of sum
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On 18 August 2019 at 12:00
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17264 Points Joined December 2018
Deduct TDS and pay with correct details of buyers. File TDS return simultaneously
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On 18 August 2019 at 15:46
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5 Points Joined August 2018
what if more than one purchasers are there?
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On 18 August 2019 at 20:21


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