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<h1>Amendment to Section 194-IA: Total consideration includes all amounts paid by transferors and transferees in property transactions.</h1> Section 194-IA of the Income-tax Act has been amended by the Finance (No. 2) Act, 2024, effective from October 1, 2024. The amendment introduces a proviso to sub-section (2), stating that when there are multiple transferors or transferees involved in the transfer of immovable property, the consideration amount will be the total of all amounts paid or payable by the transferees to the transferors or vice versa for the property transfer.