Husband-wife own a joint property? 8 ways to cut your tax bill in half

Under Section 194-IA, buyers must deduct 1% TDS if the property’s value is over Rs.50 lakh. However, if the share of each co-owner is below Rs.50 lakh, tax is not deducted at source. This means TDS applies based on each buyer’s individual share, not the total property price. A 2018 Delhi ITAT ruling confirmed this separate treatment for co-owners.