Section 194-IA TDS Not Triggered for Partial Ownership Below ₹50 Lakh

Rakesh Gupta Vs DCIT/ACIT-TDS (ITAT Chandigarh)

TDS Not on Total Property Price — Only on Your Share No TDS u/s 194-IA When Each Co-Buyer’s Share Is Below ₹50 Lakhs

Assessee jointly purchased a flat for ₹86,50,000 along with another co-buyer. His individual share was ₹43,25,000. AO held that since the total consideration exceeded ₹50 lakh, assessee ought to have deducted TDS @1% u/s 194-IA, and treated him as assessee-in-default u/s 201(1)/201(1A). CIT(A) confirmed.

Before Tribunal, assessee argued that obligation to deduct TDS arises only if his individua

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