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IT / TDS

Tax Guide

UNCHANGED

What is the TDS on purchase of immovable property?

Key mapping

TDS at 1% is deducted by the buyer on purchase of immovable property from a RESIDENT seller where consideration exceeds ₹50 lakh. Under IT Act 2025 this continues under §393.

Explanation

Old Section 194IA (buyer deducts 1% TDS on property purchase from resident, consideration > ₹50 lakh) is carried into IT Act 2025 §393. The buyer (even an individual) is the deductor. TDS is deposited using the buyer's PAN (from 1 October 2026 as an alternative to TAN). For NRI sellers, Section 195 / §395 applies at capital-gains rates with no ₹50 lakh threshold. Use Form 26QB for filing and download Form 16B for the seller. Verify on the income-tax portal before filing.

Related terms and sections

194IAimmovable propertyproperty TDS50 lakh1 percentForm 26QBbuyer TDSsection 393

Use this in practice

File My ITR →Tax Calculator →

Related sections

IT Act 2025 Section Mapper →All IT Act changes →

All section references are sourced from the Income Tax Act 2025 (official gazette, incometaxindia.gov.in) and cross-referenced against CBDT's comparative statement. Always verify on the official portal before filing. This page is for reference only and does not constitute legal or tax advice.