As you already know , if you are selling immovable property , the buyer needs to deduct tax at source and deposit the same under section 194-IA of the Income Tax Act. Please watch this explanatory video on section 194-IA. I had also published an article in 2014Â TDS on Purchase of Property :Five Controversial Issue Simplified . One of the issue was whether the limit of Rs 50 Lakhs is allowed on each co-ownerÂ or 50Lakhs limit is per property. I had the view that the 50Lakhs limit is per co-owner .