TDS on residential property purchased under 50 Lakh

343 views
User Avatar

General Manager
78 Points Posted on 22 June 2021
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
0 Reply Share Follow
On 22 June 2021 at 11:28 Report
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.

User Avatar

Chartered Accountant
24588 Points Posted on 22 June 2021
No if value is less than 50 lakhs then TDS should not be deducted
Reply
On 22 June 2021 at 12:25
User Avatar

CMA
13117 Points Posted on 22 June 2021
No tax to be deducted at source in this case.
Reply
On 22 June 2021 at 13:55
User Avatar

tax consultant
3306 Points Posted on 22 June 2021
Not payable
Reply
On 22 June 2021 at 14:21
User Avatar

Chartered Accountant
24588 Points Posted on 24 July 2021
Yes ...
Reply
On 24 July 2021 at 09:58

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Short Deduction
  2. Large mismatch between AIS Business Receipts and G
  3. Income tax on Australian Stipendiary Steward on 3
  4. INCOME TAX SECTION 92E
  5. Queries on Tax Invoice and GST
  6. Income Tax Auditor Tenure for Small Companies
  7. Sec 8 company sec 12ab reg
  8. AIS Password: How to Open Your AIS PDF?
  9. Interview Questions
  10. ITR Filing Last Date 2026

More recent discussions | Post

Related Topics :

Loading
Follow