07 July 2020
Dear Sir, If a property costs Rs. 1.00 Crore, but it has 5 five Partners having the share of Rs. 20.00 Lacs Each. And the property has no partition. In this case how one could deduct TDS on Property U/s 194IA @ 1% (0.75% - As Per Covid-19 Rule).
In this case TDS will deductible or Not??
Note : Property will purchase through single registry.
CAclubindia
