Sec 194ia
This query is : Resolved
02 July 2013
IS THAT SEC 194IA APPLICABLE ON JOINT PURCHASE OF PROPERTY BY HUSBAND & WIFE.TOTAL VALUE OF PROPERTY IS RS.82 LAKH AND BOTH HUSBAND & WIFE HOLD 50%SHARE
02 July 2013
yes.. its applicable...
02 July 2013
Each co owners share is less than the threshold limit, therefore, section 194IA doesn't apply.
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