https://www.taxtmi.com/article/detailed?id=8282 TDS on transfer of immovable property requires the purchaser to deduct tax at source at the time of payment or credit to a resident transferor; the rate depends on the transferor's PAN and a prescribed monetary threshold exempts certain transactions. Deducted tax must be remitted via the designated challan cum statement and a prescribed certificate issued to the deductee within the stipulated period; failures attract interest for late deduction and late payment. The provision excludes TAN, mandates online payment, and applies separately to each property, including instalment and financed transactions. en-us Tue, 11 Dec 2018 06:18:47 +0530 Tue, 11 Dec 2018 06:18:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8282 TDS on transfer of immovable property requires the purchaser to deduct tax at source at the time of payment or credit to a resident transferor; the rate depends on the transferor's PAN and a prescribed monetary threshold exempts certain transactions. Deducted tax must be remitted via the designated challan cum statement and a prescribed certificate issued to the deductee within the stipulated period; failures attract interest for late deduction and late payment. The provision excludes TAN, mandates online payment, and applies separately to each property, including instalment and financed transactions. Articles Income Tax Tue, 11 Dec 2018 06:18:47 +0530 https://www.taxtmi.com/article/detailed?id=8282