TaxTMI 
TaxTMI 
WHAT IS MONETARY LIMIT FOR NOT DEDUCTING TAX ON TRANSFER OF IMMOVABLE PROPERTY
IS IT 5000000 OR 3000000
TDS ON TRANSFER OF IMMOVABLE PROPERTY
30 Jul 2025 
1 Reply 
1030 Views Asked by
TDS on transfer of immovable property requires deduction based on consideration or stamp duty value; exemptions apply below statutory threshold.
The transferee must deduct tax at the time of payment or credit equal to one per cent of the consideration or the stamp duty value of the immovable property, whichever is higher; no deduction is required where both the consideration and the stamp duty value are less than fifty lakh rupees. (AI Summary)
The transferee must deduct tax at the time of payment or credit equal to one per cent of the consideration or the stamp duty value of the immovable property, whichever is higher; no deduction is required where both the consideration and the stamp duty value are less than fifty lakh rupees. (AI Summary)