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As per section 194-IA 2, 1% TDS is imposed on the sale of the property. I want you to know that TDS on property in the case of joint owners will only be applied if the cost of transaction for each joint owner is more than ₹50000. TDS on the sale of property in the case of joint sellers is only applicable if the sale price is more than the case of the co-owners. If you want to know whether only one co-owner can file TDS for both of them, then I suggest you consult a CA.
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What is the TDS on Sale of Property in Case of Joint Sellers?
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Authors Of The Question
In the case of joint ownership on the seller (Husband & wife) side, could 1% TDS on sale of flat be filed entirely for one of them based on their request?
Anand
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1 Year
2022-09-23T12:28:45+00:00 2022-09-23T18:16:22+00:00Comment
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