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Tds on property

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(Querist)
10 March 2014 if a property has been transferred by way of gift from sister is the other sister required to deduct 1 % tds
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 March 2014 No need of tax deduction (1%) for gift of immovable property.
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mehulmukati

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mehulmukati (Expert)
11 March 2014 Reenav

Mr Warrier is right, in this case there is no need to deduct TDS.

1% TDS is to be deducted in case of "sale" only. This is not a case of sale and hence no need to deduct TDS.
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