TDS u/s 194IA in case of Joint Ownership (varying from consideration amount)

This discussion addresses TDS (Tax Deducted at Source) implications under Section 194IA for a property jointly owned by a father and son, where their contribution to the purchase price differs from their ownership share. Queries focus on whether TDS should be calculated based on the agreed ownership split (50-50) or the actual financial contribution (60-40). The consensus suggests that for relatives, TDS can be deducted based on actual consideration paid, and any minor discrepancies are unlikely to cause issues, especially as the father can still claim exemption under Section 54F if other conditions are met.