Section 194-IA(2) — the law in short
What the courts have decided on section 194-IA(2), in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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Vinod Soni v ITO (TDS)
ITATHelps taxpayerSuperseded by amendment
Four of us bought jointly, each share under Rs 50 lakh — is 194-IA TDS due after the 2024 change?
Yes, for anything on or after 1 October 2024. This order held the Rs 50 lakh limit in s.194-IA(2) is tested against each transferee's own share, so four buyers at Rs 37,50,000 each owed nothing on a Rs 1.5 crore deed — but a proviso inserted by the Finance (No.2) Act, 2024 with effect from 1 October 2024 aggregates the amounts paid by all transferees to all transferors, so the order now governs only earlier transactions.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.