Immovable property TDS

This query is : Resolved

Naresh Lama (Querist)
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12 April 2021 Purchased 5 properties below Rs. 50 Lakhs each from same seller. Now the query is, will we deducted TDS from aggregate figure which is in excess of Rs. 50 Lakhs?

CA. Aditya Goel

CA. Aditya Goel (Expert)
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12 April 2021 TDS to be deducted if value property purchased exceeds 50 Lakhs.
if there are actually 5 properties and all valuing below 50 lakhs individually then no TDS to be deducted.
but documentary evidence of all these purchases should be available in case Department questions.

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Naresh Lama

Naresh Lama (Querist)
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13 April 2021 Thank you... transaction are in actual and all five sale agreements are already executed.

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