Tds on sale of immovable property

This query is : Resolved 

21 October 2015 Dear all if I purchase a house then how it affect TDS on immovable property . tds rate for immovable property. form for TDS return . and payment section under which TDS should be paid please do share its urgent

21 October 2015 Please see section 194IA of the Income tax act,1961.

In nut shell, TDS applies if consideration = OR > 50 lakhs.

1% is the tax rate.

e-form 26QB is the challan cum return form.


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