Will all the co-owners deduct tds on property u/s 194-ia

TDS 179 views 1 replies

Two co-owners (husband and wife) are purchasing a real-estate property. The value of the flat is above 50lakhs. My question is whether both husband and wife are liable to deduct TDS @ 1% each? If yes, will the wife be still liable to deduct TDS if only the husband is paying the proceeds from his account?

It would be highly appreciated if anyone can share a relevant case law if any.

Many thanks in advance.

Replies (1)
one time deduction is fine, if you treating the property as co-owner then the value of purchase per person gets below 50 lakhs which is not correct and tds has to be deducted by one person is fine, searching for case laws


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register