CA Sansaar
- All Categories
- Income Tax (1633)
- Students (770)
- Service Tax (497)
- Corporate Law (465)
- Audit (399)
- Accounts (340)
- VAT (277)
- GST (145)
- Excise (106)
- Finance (105)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (18)
- Income Tax Software (5)
- Cost Inflation Index (1)
Recent
- GST Notice Received: How Should a Taxpayer Respond?
- CA vs CMA: Which is better?
- Can a Chartered Accountant Sign Estimated Financial Statements?
- Want to assist in Forensic Audit
- Revising 3CA 3CD to 3CB 3CD
- LFAR in Bank Branch Audit - Clause-by-Clause Discussion by CA Vivek Khurana Notes required
- Bank Branch Audit
- Got high refund
- Form 67
- GSTR9
- Partner of CA firm required
- RENEWAL OF REGISTRATION
- financial statements
- income Tax
- ITR Filing
- Property Attachement
- Liability of Independent and Non-executive director
- financial statements
- stock statement procedure for bank od loan
- ITR FILING OF ARMY UNIT
- signing of Project report
- NON CORPORATE BALANCE SHEET FORMAT
- CA FINAL
- Accounting Treatment of Mutual Fund under IndAS
- ITC Availed & Utilized on Supply from Non-Existent Firms
- GST Liability of Award received by a Company
- Reund of TDS Excess Deposited
- Income Tax TDS
- gst
- Reconstitution of partnership firm in case of death of partner and introduction of new partner
- Consolidattion of financial statemement
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- NR GST NUMBER
- Presumptive Income
- tax audit late filing penality provision applicable f.y.23-24
- Interest in outstanding demand
- sale turnover declared as per books or AIS show in itr f.y.23-24
- GST
- tax audit or normal itr filed f.y. 23-24
- PF Withdrawal and ITR
Q. > Please Help: TDS ON PURCHASE OF A PROPERTY FROM JOINT OWNER i.e 6 SELLER AND 3 BUYER BUT REGISTRY OF PROPERY ONLY ONE DOCUMENT
ONE OF MY CLIN HAS PURCHASE A PROPERTY FROM JOINT OWNER i.e. 6 OWNER AND PURCHASE BY 3 WITH JOINT NAME. CONSIDERATION RS. 1.10 CR., MY QUESTION IS THAT WHETHER LIABILITY OF 1% TDS U/s 194IA WILL ARISE OR NOT, AND IF ARISE SO WHETHER FORM NO. 26 QB FILL FOR EACH SELLER OR ONLY ONE FORM WILL BE FILL AND SUBMITTED... PLZ REPLY
answered Jun 19, 2015 by PRIYANKA , GREATER NOIDA
According to my point of view:
Section 1941A talks about the value of whole property which is being sold or purchased, and not about the individual shares of owners of the property in it. Here whole property exceeding value of Rs. 50 lakhs is being purchased, so no doubt liability of 1% TDS deduction is there . And Online statement cum challan Form/ Form 26QB is to be filled in by each buyer for unique buyer-seller combination for respective share. E.g. in case of one buyer and two sellers, two forms have to be filled in and for two buyers and two seller, four forms have to be filled in for respective property shares...Hope it solves ur querry.
Experts Panelist
Comments