Tds on 194ia

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abhijeet sangle (Querist)
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14 February 2014 MY QUESTION IS, OUR CLIENT PURCHASING ONE PROPERTY IN WHICH 4 BUYER AND 3 SELLER
ALL 3 SELLERS ARE FAMILY MEMBERS IN AGREEMENT(SATHE KHAT)THEY HAVE MENTION THAT ALL THE PAYMENT SHOULD BE DON TO 1 OF THEM AS ALL CHEQUE SHOULD BE IN FAVOURE OF ONE PERSON
MY QUESTION IS BUYER LIABLE TO DEDUCT TDS OF ONE TO WHOM WHOLE PAYMENT MADE OR ALL THREE PERSON THAT PROPERTY IN NAME OF ALL THREE ??

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 February 2014 1. well regardless of to whom the payment is made, you have every right to deduct TDS against each of the owner.

2. Alternatively, if all the owners give you a written request that deduction should be made against one specific person, you can do so also. this would be legal too.

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