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<h1>Amendment to Section 194-IA: Property Transfer Consideration Now Includes Club Fees, Parking, Utilities, and More.</h1> Section 194-IA of the Income-tax Act has been amended to include a new clause effective from September 1, 2019. The amendment specifies that 'consideration for transfer of any immovable property' encompasses charges such as club membership fees, car parking fees, electricity or water facility fees, maintenance fees, advance fees, or any similar charges incidental to the property transfer. This clarification broadens the scope of what constitutes consideration in property transactions for tax purposes.