Immovable property definitions distinguish broad property rights from narrower non-agricultural land and building coverage for withholding purposes.

Immovable property under the Income-tax Act, 2025 includes land, buildings, related transferred assets and rights therein, as well as rights in constructed or proposed property arising through membership, share acquisition, agreements or arrangements. For TDS and TCS purposes, it is confined to non-agricultural land and buildings or parts of buildings. Comparable Income-tax Act, 1961 provisions distinguish between this narrower withholding definition and broader acquisition-related definitions covering ancillary assets and property-related rights.

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