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Question ID : 44540

TDS u/s 194IA of Income Tax Act

Total Sale Consideration of Property is 60.00 Lakhs and there are two sellers and one purchaser. Purchaser shall pay 50% amount to each seller. Whether TDS u/s 194IA is applicale or not ?

Posted by Gaurav Kumar Baranwal on Aug 25, 2023

Filed Under DIRECT TAXES

Answer ID : 85140

Applicable ,because number of purchaser is one and consideration is more than the threshold limit .

Posted by B.CHACKRAPANI WARRIER on Aug 26, 2023