TDS Under section 194IA & 194A


Tax deducted at Source:

  • On Sale of Immovable Property u/s 194IA.
  • On Interest other than Interest on Securities  u/s 194A

Sec 194IA- TDS on Sale of Immovable Property

  • Transferor: Who is a Resident seller (Deductee).
  • Transferee: Who is a Buyer (any person) (Deductor).
  • When transferee is responsible for paying to a transferor any sum by way of sale consideration for transfer of an immovable property, shall,
  • at the time of credit of such sum to the account of the transferor (or) at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier,
  • TDS Deducted@1%
  • Where such sale consideration is equal to or more than 50 Lakhs. Read More

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