TDS ON PURCHASE OF HOUSE

This discussion explores the rules surrounding Tax Deducted at Source (TDS) when purchasing a property jointly. The original poster is buying a flat valued at Rs. 64 lacs with their wife, and both are jointly availing a home loan. They've been informed that TDS might not apply as each individual's share is less than Rs. 50 lacs, citing an IT appellate authority ruling. However, there's a counter-argument that TDS must be deducted if the receiver is a single entity, even if there are multiple buyers. The thread seeks clarification on this complex TDS scenario for joint property purchases.