Case Law Analysis
|Income Tax Appellate Tribunal
Section 194-IA TDS Threshold Applies Per Co-Owner, Not Aggregate Property Value: ITAT Ahmedabad
ITAT Ahmedabad rules that for TDS under Section 194-IA, the Rs. 50 lakh threshold is calculated per co-owner, not the total property value. This interpretation prevents unjust TDS liability for buyers of jointly owned properties, offering relief to taxpayers in multi-owner transactions.