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Section 194IA

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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 3810 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 2622 Views 1 comment Print

TDS on Immovable Property Purchase: Section 194IA Explained

Income Tax : Learn about TDS on the purchase of immovable property in India under Section 194IA. Understand the rules, rates, and consequences ...

October 28, 2023 4584 Views 2 comments Print

Understanding TDS on Immovable Property Purchases: A Buyer’s Guide

Income Tax : Learn about Section 194-IA and essential aspects of TDS when buying property in India. Explore deductor-deductee roles, exemption ...

October 26, 2023 2388 Views 0 comment Print

Tax Implication on Sale & Purchase of Immovable Property for Seller & Buyer

Income Tax : Learn about tax implications for sellers and buyers of immovable property. Understand capital gains, stamp duty, tax withholding, ...

September 1, 2023 39183 Views 7 comments Print


Latest News


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 6034 Views 0 comment Print


Latest Judiciary


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 306 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 2904 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 309 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 291 Views 0 comment Print

Long-term capital loss u/s 50B allowed as Form 3CEA filed during assessment proceeding

Income Tax : ITAT Kolkata held that rejection of claim of long-term capital loss u/s 50B of the Income Tax Act unjustified as Form 3CEA filed d...

October 16, 2023 1593 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 864 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 34329 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 8139 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 18214 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 64813 Views 0 comment Print


Section 194-IA TDS on sale of property and Process of Filing Form 26QB

April 28, 2023 5739 Views 0 comment Print

When you sell a property in India, you may be liable to pay TDS (Tax Deducted at Source) on the sale proceeds. The applicable TDS rate for the sale of property is 1% of the sale consideration for transactions where the sale value exceeds Rs. 50 lakhs.

Jointly owned Property- Section 194IA TDS not applicable if Consideration for Property not exceeds Rs. 50 lacs

April 24, 2023 11166 Views 0 comment Print

ITAT Jodhpur exempts individual from TDS on property purchase under Rs.50 lacs, setting precedent for similar transactions.

TDS on Purchase or Sale of Immovable Property

April 12, 2023 35400 Views 7 comments Print

Sale or Purchase of immovable property other than agricultural land is governed by Provisions of section 194-IA of Income tax act, 1961.

TDS on Immovable Property Purchase – Return Filing & Payment wef 01.04.2023

April 6, 2023 33474 Views 14 comments Print

Learn the updated process of filing Form 26QB for TDS on the purchase of immovable property under section 194-IA from April 1, 2023. Understand rates, due dates, and steps for seamless compliance. Stay informed and avoid penalties.

Correcting Form 26QB: TDS on Property Sale

March 31, 2023 480 Views 0 comment Print

Learn how to make online corrections to Form 26QB for TDS on property sale in India. Detailed steps and guidance for hassle-free corrections.

Understanding TDS on Property & Rent: Sections 194-IA & 194-IB

March 31, 2023 429 Views 0 comment Print

Explore essentials of TDS on property transactions (Section 194-IA) & rental income (Section 194-IB) in India. Learn compliance, thresholds, and more.

TDS on Purchase of Immovable Property in India (Section 194IA & Form 26QB)

March 29, 2023 80703 Views 39 comments Print

Learn about TDS on the purchase of immovable property in India under Section 194IA & Form 26QB. Understand the applicable rates, thresholds, and steps for filing.

TDS on Immovable Property

March 7, 2023 23901 Views 11 comments Print

Understand TDS on Immovable Property as per Sec 194IA, including conditions, analysis, and examples for both resident and non-resident buyers and sellers.

TDS Rate Chart for FY 2023-2024 (AY 2024-2025)

February 11, 2023 791400 Views 3 comments Print

TDS Rate Chart for FY 2023-2024 (AY 2024-2025) – Get complete details on Budget 2023 Amendments, Nature of Payment & Threshold Limits. Tax Deduction at Source (TDS) now at 3 crore limit for co-operative societies.

TDS on Purchase of Immovable property in India

February 9, 2023 63063 Views 3 comments Print

Understand TDS implications on purchasing immovable property in India. Learn about rates, forms, and legal aspects to comply with Income Tax Act for seamless property transactions.

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