Income Tax Act

TDS on Immovable Property: Section 194IA – A Comprehensive Guide

Leave a Comment / Taxation / By Ganesh K Choudhary / 3 June 2023 / immovable property transactions, Income Tax Act, Indian taxation system, Section 194IA, Tax Deducted at Source, TDS on Immovable Property, TDS provisions

94IA of the Income Tax Act deals with TDS on immovable property transactions. This comprehensive guide explains the buyer’s responsibilities, exemptions, and the process of deducting and depositing TDS.