Tds on land property purchase

539 views 1 replies

Hi, all,

My query is:

LAND (Other than agri ) purchased rs. 3 Crore

Purchaser 2, Sellers 10, From 10 one seller's payment is Rs.250000 only, he don't have PAN Number,

Confusion is whether to deduct TDS on 1 % on total 3 Crore from all 10 sellers, or on 2,97,50,000 & 20% on 2,50,000 or not to deduct TDS on 2,50,000 .

 

Replies (1)

I think it will be 1% on 9 sellers (with PAN) and 20% on 1 seller (without PAN). 

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