Section

Budget 2024: Now you can’t escape TDS on sale of house property of over Rs 50 lakh by splitting the sale value

By Economic Times - 4 months ago
Union Budget 2024: Now the aggregate value of a house property is to be considered for determining whether TDS is to be deducted on purchase of property. Joint buyers not deducting TDS on their portion of payment, even if the value of the immovable property or stamp duty value exceeds Rs. 50 lakh, is against the intent of the legislature.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.