if 2 purchaser purchase property from single seller for a consideration Rs. 40 lakhs for each i.e. total sales value 80 lakhs.
whether section 194IA is applied or not.
2 Replies
chintan joshi
(25 Points)
Replied 13 June 2017
The Applicability of this section is if the transaction of immovable property is 50 lakh more than 50 lakh, so it is based on transaction value of property and not based on assesse , So need to deduct TDS u/s 194 IA
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 13 June 2017
YES.,
TDS APPLICABLE u/s 194 IA
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