banner_ad

Tds on property which has two sellers

425 views 7 replies

Hi Team. 

I am buying property with sale consideration of 

62Lakhs, two sellers are there as per sale deed

How to pay tds on this situation. Since per head comes around 31 Lakhs we are giving equal dd for each person separately. Do we still need to pay TDS? each person is receiving only 31 Lakh less then 50 means no TDS . Am confused, please help me? 

Replies (7)
yes tds will be attract under section 194 IA , becouse gross value matter.
In this case we have to see gross amount total sale consideration is more than 50 lac sellers will share the consideration in equal proportion in the same way TDS will attract and compulsory need to deduct
nop 50 lakh criteria apply on property not on saller so please deduct tds an ratio of Thier share in property
you have to deduct TDS on 62 lacs.
you have to deduct tds on gross amount of sum
Deduct TDS and pay with correct details of buyers. File TDS return simultaneously
what if more than one purchasers are there?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details