Tds in section 194ib

arun (junior lecturer) (63 Points)

03 July 2022  

My client buy a property with his friend . Property is registered under both of them.Total payment is 70 lakh. My client pay his 35 lakh from his account. And his friend pay his share of 35 lakh from his account. In this case property value is below 50 lakh for my client, will my client liable to deduct tds under section 194ib.

 

Please somebody reply .