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Section 194ia

This query is : Resolved 
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(Querist)
08 January 2014 as per this section the buyer has to deduct the tds if the sales consideration exceeds rs.5000000. so my query is that if their is a joint buyer purchase a house property for rs.9000000 still they have to deduct the tds
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 January 2014 Yes, as the consideration for transfer of the property exceeds 50.00 lac, TDS is required to be deducted by both the buyers.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
08 January 2014 yes...the value is to be looked property wise instead of looking at per buyer contribution.
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