Case Law Analysis
|Income Tax Appellate Tribunal
Section 194-IA TDS | Individual Share Below Rs. 50 Lakhs Exempts Buyer from TDS Liability: ITAT Delhi Clarifies Threshold for Joint Property Purchases
ITAT Delhi rules that TDS under Section 194-IA applies only to an individual buyer’s share in a joint property purchase, not the total transaction value, if the share is below Rs. 50 lakhs. This landmark clarification protects co-buyers from undue TDS liability and simplifies compliance for joint property transactions.