TaxTMI 
TaxTMI 
TDS ON TRANSFER OF IMMOVABLE PROPERTY
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....DS ON TRANSFER OF IMMOVABLE PROPERTY<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 30-7-2025 Last Reply Date:- 30-7-2025 Income Tax<br>Got 1 Reply<br>Income Tax<br>WHAT IS MONET....
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....ARY LIMIT FOR NOT DEDUCTING TAX ON TRANSFER OF IMMOVABLE PROPERTY IS IT 5000000 OR 3000000 Reply By Sadanand Bulbule: The Reply: Refer the followiing of the Income Tax Act, 1961: 194-IA. Payment o....
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....n transfer of certain immovable property other than agricultural land.- (1) Any person, being a transferee, responsible for paying (other than the person referred to in section 194LA) to a resident t....
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....ransferor any sum by way of consideration for transfer of any immovable property (other than agricultural land), shall, at the time of credit of such sum to the account of the transferor or at the tim....
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....e of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to one per cent of such sum or the stamp duty value of such pr....
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....operty, whichever is higher, as income-tax thereon. (2) No deduction under sub-section (1) shall be made where the consideration for the transfer of an mmovable property and the stamp duty value....
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.... of such property, are both, less than fifty lakh rupees.<br> Discussion Forum - Knowledge Sharing ....