TDS rule section 194-IA in case of joint owner

Section 194-IA is qua the buyer and qua the immovable property. In the instant case, as the payment is to be made to joint owners, in my view, the applicability of threshold of INR 50 lakhs should be per joint owners. Hence, there should not be any TDS requirement.

With respect to Case law cited, since it is ITAT decision, it will be binding on the tax department falling in that jurisdiction (i.e. Mumbai). however, practically, Tax Department will not accept it and may proceed with the addition. You should get relief at higher forum (say CIT(A) or ITAT) unless this decision is reversed by SB / HC / SC subsequently.

My case is also similar to the above vinod soni vs ITI case.

My mother and father both have separate business incomes and they are filing IT returns every year.They both want to buy a property jointly.Total sale value is 56 lakhs.They both want to transfer money to sellers in 50:50 ratio.Even sellers inherited that property jointly.We assume that the share of the individual is less than 50lakhs,so we won't liable to cut TDS.But some people saying that,even you are buying jointly;you are registering this property in a single sale deed and not registering separately.So you have to cut 1% TDS in sale value.Is this version correct or not?Plz reply.