https://www.taxtmi.com/article/detailed?id=5518 Section 194-IA requires a transferee to deduct tax at source on payment or credit of consideration for transfer of immovable property (other than agricultural land), subject to a monetary threshold and exclusions; the deducted tax is creditable to the transferor. Advance payments under an agreement are treated as advances (liabilities of the recipient) and, in the author's view, do not amount to consideration for transfer, so TDS is not required at the advance stage; TDS becomes due when the transfer takes place, including transfers on credit where full consideration accrues. en-us Mon, 10 Mar 2014 10:01:52 +0530 Mon, 10 Mar 2014 14:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5518 Section 194-IA requires a transferee to deduct tax at source on payment or credit of consideration for transfer of immovable property (other than agricultural land), subject to a monetary threshold and exclusions; the deducted tax is creditable to the transferor. Advance payments under an agreement are treated as advances (liabilities of the recipient) and, in the author's view, do not amount to consideration for transfer, so TDS is not required at the advance stage; TDS becomes due when the transfer takes place, including transfers on credit where full consideration accrues. Articles Income Tax Mon, 10 Mar 2014 10:01:52 +0530 https://www.taxtmi.com/article/detailed?id=5518