Budget 2024: Now you can’t escape TDS on sale of house property of over Rs 50 lakh by splitting the sale value
Union Budget 2024: Now the aggregate sale consideration of a house property is to be considered for determining whether TDS is to be deducted from such a sale or not. Hence if the buyer is paying less than Rs. 50 lakh, no tax is being deducted, even if the value of the immovable property and stamp duty value exceeds Rs. 50 lakh. This is against the intention of legislature.