Hi,
Section 194-IA of the Income Tax Act outlines that if the sale consideration is less than Rs 50 lakhs, no TDS must be withheld. TDS must be subtracted from each installment if the payment is made in installments.
I hope this helps:)
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What will be the TDS on sale of property by joint owners if in case the sale consideration is less than Rs.50 Lacs for a joint holder?
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2023-04-07T09:38:20+00:00 2023-04-10T19:57:39+00:00Comment
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