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    TDS Under section 194IA & 194A

    TDS Under section 194IA & 194A


    Tax deducted at Source:

    • On Sale of Immovable Property u/s 194IA.
    • On Interest other than Interest on Securities  u/s 194A


    Sec 194IA- TDS on Sale of Immovable Property

    • Transferor: Who is a Resident seller (Deductee).
    • Transferee: Who is a Buyer (any person) (Deductor).
    • When transferee is responsible for paying to a transferor any sum by way of sale consideration for transfer of an immovable property, shall,
    • at the time of credit of such sum to the account of the transferor (or) at the time of payment of such sum in cash or by issue of a cheque or draft or by any other mode, whichever is earlier,
    • TDS Deducted@1%
    • Where such sale consideration is equal to or more than 50 Lakhs.

    This article is contributed by Partners of SBS and Company LLP - Chartered Accountant Company. You can be reached at This email address is being protected from spambots. You need JavaScript enabled to view it.