Immovable property transfer withholding requires deduction on the higher valuation, with separate treatment for specified agreements and compulsory acquisition payments.

Tax deduction at source on transfer of immovable property other than agricultural land applies at 1% of the higher of consideration and stamp duty value, subject to a Rs.50 lakh threshold tested against either value and aggregate consideration for the same property. Consideration under an agreement referred to in section 67(14) is subject to 10% deduction without a threshold and overrides the ordinary transfer category where both apply. Compensation or enhanced compensation on compulsory acquisition attracts 10% deduction above Rs.5,00,000.

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