TDS on residential property purchased under 50 Lakh

Hi... I just want to clear the doubt that is TDS payable by purchaser if he buys residential property below 50 lakh ( 49,75,000). Kindly advice. Thanks
Replies (4)
Quick Summary
This discussion clarifies whether Tax Deducted at Source (TDS) is applicable when purchasing a residential property valued below £50 lakh. The consensus among contributors is that TDS is not payable by the purchaser in such cases, as the threshold for TDS deduction on property transactions is £50 lakh or more.

No if value is less than 50 lakhs then TDS should not be deducted
No tax to be deducted at source in this case.
Not payable
Yes ...

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