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Section 194IA

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TDS- Section 194IA Payment on transfer of immovable property

Income Tax : Understand Section 194-IA on TDS for property purchases. Learn tax deduction, rates, conditions, and compliance under the Income T...

September 6, 2024 387609 Views 42 comments Print

TDS on Purchase of Property: Section 194IA of Income Tax Act, 1961

Income Tax : Learn about TDS on property purchase under Section 194IA of the Income Tax Act, 1961. Get insights on requirements, payment proces...

June 21, 2024 13755 Views 0 comment Print

Section 194IA: TDS on Immovable Property Transfer (Other than Agricultural Land)

Income Tax : Learn about Section 194 IA for TDS on property transfers: applicability, rates, responsibilities, exemptions, and penalties....

May 30, 2024 4938 Views 8 comments Print

Section 194IA: TDS on purchase and sale of immovable property

Income Tax : Understand TDS on immovable property transactions. Section 194-IA mandates TDS deduction at 1% for sale consideration exceeding Rs...

May 10, 2024 6096 Views 0 comment Print

Procedure to file TDS Return on Sale of Property & Download Form 16B

Income Tax : "Discover a step-by-step guide to file TDS on property sale with Form 26QB. From filling the form to downloading Form 16B, simplif...

November 25, 2023 3234 Views 1 comment Print


Latest News


New TDS Rules on Immovable Property Sales Effective from 1st October, 2024

Income Tax : From October 2024, TDS under section 194-IA will apply based on total consideration for property sales, not individual payments. U...

July 24, 2024 4476 Views 2 comments Print

Reasons for Zero Credit in Form 16B TDS Certificate on Sale of Immovable property

Income Tax : It has been observed that deductors are wrongly entering the tax amount deducted on sale of property in 'interest' or 'others' or ...

November 5, 2013 6232 Views 0 comment Print


Latest Judiciary


Matter remaded as lower authorities failed to apply CBDT Instructions regarding cash deposits during demonetization

Income Tax : CBDT had issued instructions/notification for examining the specific cases regarding cash deposits during the demonetisation perio...

September 17, 2024 519 Views 0 comment Print

Denial of exemption u/s. 54 due to mistake committed by developer unjustified: ITAT Mumbai

Income Tax : ITAT Mumbai held that denial of exemption under section 54 of the Income Tax Act unjustified as appellant cannot be penalized for ...

March 18, 2024 465 Views 0 comment Print

TDS u/s. 194-IA deducted on assets sold during liquidation should be refunded to corporate debtor

Corporate Law : NCLT Ahmedabad held that the amount of TDS deducted under section 194-IA on assets sold during the process of liquidation should b...

December 21, 2023 3489 Views 0 comment Print

Section 54B Capital Gains Exemption: ITAT remands Matter to AO

Income Tax : ITAT Chennai's ruling in Smt. Nagappan Suganthi Vs ACIT. Non-consideration of evidence on deduction claim u/s 54B and capital gain...

October 22, 2023 336 Views 0 comment Print

Actual status of payment by each co-owner needs to be verified in terms of applicability of section 194IA

Income Tax : ITAT Raipur resorted the matter back to AO to verify the actual status of payment of consideration by each co-owner vis-à-vis app...

October 20, 2023 318 Views 0 comment Print


Latest Notifications


No Section 194IA TDS on payment by Air India limited to holding company for property

Income Tax : Central Government hereby specifies that no TDS shall be deducted under section 194-IA of Income Tax Act  on any payment made to ...

September 10, 2021 1008 Views 0 comment Print

CBDT notifies Form no. 26QC for payment of TDS on rent u/s 194IB and Form No.16C for TDS Certificate

Income Tax : Every person responsible for deduction of tax under section 194-IB shall furnish the certificate of deduction of tax at source in ...

June 8, 2017 34473 Views 0 comment Print

CBDT notifies changes in Rules related to Refund of TDS

Income Tax : CBDT has vide notification No. 45/2017 notified that claim for refund of TDS paid can be furnished by the deductor in Form 26B ...

June 5, 2017 8232 Views 0 comment Print

Due date of filing statement for TDS on Sale of Property extended

Income Tax : Due date of filing statement for deduction of tax at source (TDS) on Sale of Property u/s 194-IA has been extended to 30 days from...

May 31, 2016 18367 Views 0 comment Print

Revision in TDS due date & Supporting for claim of Deduction from Salary

Income Tax : 26C. Furnishing of evidence of claims by employee for deduction of tax under section 192.- (1) The assessee shall furnish to the p...

April 29, 2016 64957 Views 0 comment Print


Latest Posts in Section 194IA

Matter remaded as lower authorities failed to apply CBDT Instructions regarding cash deposits during demonetization

September 17, 2024 519 Views 0 comment Print

CBDT had issued instructions/notification for examining the specific cases regarding cash deposits during the demonetisation period. However, both the lower authorities had not done so and therefore, the matter was remanded for re-examination.

TDS- Section 194IA Payment on transfer of immovable property

September 6, 2024 387609 Views 42 comments Print

Understand Section 194-IA on TDS for property purchases. Learn tax deduction, rates, conditions, and compliance under the Income Tax Act, 1961.

New TDS Rules on Immovable Property Sales Effective from 1st October, 2024

July 24, 2024 4476 Views 2 comments Print

From October 2024, TDS under section 194-IA will apply based on total consideration for property sales, not individual payments. Update to prevent evasion.

TDS on Purchase of Property: Section 194IA of Income Tax Act, 1961

June 21, 2024 13755 Views 0 comment Print

Learn about TDS on property purchase under Section 194IA of the Income Tax Act, 1961. Get insights on requirements, payment process, and penalties involved.

Section 194IA: TDS on Immovable Property Transfer (Other than Agricultural Land)

May 30, 2024 4938 Views 8 comments Print

Learn about Section 194 IA for TDS on property transfers: applicability, rates, responsibilities, exemptions, and penalties.

Section 194IA: TDS on purchase and sale of immovable property

May 10, 2024 6096 Views 0 comment Print

Understand TDS on immovable property transactions. Section 194-IA mandates TDS deduction at 1% for sale consideration exceeding Rs. 50 lakhs. Learn buyer and seller obligations.

Denial of exemption u/s. 54 due to mistake committed by developer unjustified: ITAT Mumbai

March 18, 2024 465 Views 0 comment Print

ITAT Mumbai held that denial of exemption under section 54 of the Income Tax Act unjustified as appellant cannot be penalized for the mistake committed by the developer/seller in allocating the flat. Thus, exemption u/s. 54 granted as all the conditions satisfied.

TDS u/s. 194-IA deducted on assets sold during liquidation should be refunded to corporate debtor

December 21, 2023 3489 Views 0 comment Print

NCLT Ahmedabad held that the amount of TDS deducted under section 194-IA on assets sold during the process of liquidation should be returned (refunded) back by income tax department into the account of Corporate Debtor.

Procedure to file TDS Return on Sale of Property & Download Form 16B

November 25, 2023 3234 Views 1 comment Print

“Discover a step-by-step guide to file TDS on property sale with Form 26QB. From filling the form to downloading Form 16B, simplify your tax obligations seamlessly.

TDS on Immovable Property Purchase: Section 194IA Explained

October 28, 2023 7014 Views 2 comments Print

Learn about TDS on the purchase of immovable property in India under Section 194IA. Understand the rules, rates, and consequences for non-compliance.

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