Immovable property transfer withholding uses higher consideration or stamp-duty value, with separate rules for specified agreements and acquisitions.

For ordinary transfers of immovable property other than agricultural land, tax is deductible at 1% of the higher of transfer consideration and stamp-duty value. The Rs. 50 lakh threshold applies if either value reaches that amount and is tested on aggregate amounts involving all transferees and transferors for the same property. Non-kind consideration under an agreement referred to in section 67(14) attracts 10% deduction without a threshold and takes priority where both rules apply. Compensation or enhanced compensation on compulsory acquisition attracts 10% deduction subject to the Rs. 5,00,000 threshold.

---

---

---