Withholding tax on immovable-property transfers applies to higher property values, specified agreements, and compulsory-acquisition payments under separate rules.

Tax deduction at source on ordinary transfers of immovable property other than agricultural land is calculated at 1% of the higher of the transfer consideration or stamp duty value. The threshold applies where either value reaches the prescribed limit, with aggregate payments by all transferees to all transferors considered for the same property. Consideration under agreements referred to in section 67(14) attracts deduction at 10% without a threshold and prevails over the ordinary-transfer category where both apply. Compulsory-acquisition payments are also subject to deduction at 10%, subject to the applicable threshold.

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