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TDS on Purchase a property (Agricultural Land)

This query is : Resolved 
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(Querist)
05 July 2025 Sir,
If a domestic company purchase a Agricultural Land of Rs. 80/- Lacs from 5 Co-Owner equally on August 2024 and payment made in July 2024 through demand draft each person individually.

TDS u/s 194IA Purchase on Property applicable or not.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
05 July 2025 If the agricultural land is classified as "urban agricultural land" (i.e., it doesn't meet the criteria for rural agricultural land), then it is considered a capital asset and its sale would be subject to TDS under Section 194IA.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 September 2025 Good luck...
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