No sec. 194-IA TDS if share of each co-owner of property was under threshold limit

INCOME TAX: Where assessee purchased an immovable property from Power of Attorney holder of two joint owners of said property for consideration of Rs. 60.12 lakhs, in view of fact that share of each co-owner came to Rs. 30.06 lakhs which was under threshold limit prescribed under section 194-IA, assessee was not required to deduct tax at source while making payment for said purchase

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