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query regarding section 194IA

127 views 2 replies

prince goel

student

66 Points Joined November 2009

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.

Replies (2)

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