Tds on property

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Puneet Goyal (Querist)
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05 December 2014 Whether TDS is applicable if we purchased two properties from one person having sales consideration Rs 45 lacs each in the same financial year.?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 December 2014
what is the total value of both properties???????

Puneet Goyal

Puneet Goyal (Querist)
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05 December 2014 Total value of both properties is Rs 90Lacs, Rs 45Lacs each

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 December 2014 if agreement is seperate then no need to deduct tds.

Puneet Goyal

Puneet Goyal (Querist)
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05 December 2014 but we had purchased property from a single agreement and selling it under separate sale agreements..

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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05 December 2014 in first part u said ur buying now u say ur selling pls clrearify who is buyer and who is seller..give all info in detail

Ganeshbabu K

Ganeshbabu K (Expert)
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05 December 2014 If your purchase exceeds 50 lakhs in a transaction TDS applicable

SANYAM ARORA

SANYAM ARORA (Expert)
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05 December 2014 It would be applicable as you say it covers under a single agreement.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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07 October 2021 TDS will be applicable during purchase of lands.

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Tds on property

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