Tds u/s 194ia and return
Querist : Anonymous
This appears under PART F – Details of Tax Deducted at Source on Sale of Immovable Property u/s 194IA(For Buyer of Property)of 26 AS.
- My query is where to show this in the ITR Form or whether to show at all?
- Is ITR 1 the correct return form applicable in this case?
Thanks
otherwise ITR-2.
Querist : Anonymous
In case of a buyer of property who has deducted TDS u/s 194 IA - which also appears in PART F of 26 AS - how to show this in the return of income to be filed by the assesse?
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
* **Whether to report TDS deducted u/s 194IA (by the buyer)**
* **Which ITR form to use**
* **Whether and where to disclose it in the ITR**
---
## ✅ **Context Recap:**
* The **assessee is a buyer** of immovable property.
* She has **deducted TDS** under **Section 194-IA** (1% on consideration > ₹50 lakh).
* This TDS shows in **Part F of Form 26AS**, which is **for information only** — it **does not affect her tax liability**.
* Income includes **family pension, FD interest**, and possibly **one house property**.
---
## 📌 **1. Is the TDS deducted u/s 194IA to be reported in ITR?**
> **No, there is no requirement to report the TDS deducted by the buyer under Section 194IA in the ITR form** — unless you have a **tax audit** or need to explain large transactions separately (e.g., under AIS in future years).
* **Form 26AS (Part F)** is informational: it confirms that **you (the buyer)** have complied with **TDS deduction rules**.
* This TDS is **not your income** and **does not affect your tax computation**.
* It is **not reported in TDS schedules** of your ITR because those are for **TDS on your income**, not TDS deducted by you on someone else’s income.
---
## 📌 **2. Which ITR Form is applicable?**
Based on your facts:
| Income Type | Tax Treatment |
| -------------------------------------------------------------- | ------------------------------------------ |
| Family pension | **Taxable as “Income from Other Sources”** |
| FD Interest | Taxable as “Income from Other Sources” |
| No capital gains, business income, foreign income/assets, etc. | ✅ Eligible for **ITR-1** |
| One house property | Still eligible for **ITR-1** |
✅ **Use ITR-1** if:
* Total income is **below ₹50 lakh**
* No capital gains
* Exempt income (e.g., PPF interest) ** ₹5,000
* Capital gains
* More than one house property, etc.
---
## ✅ Summary:
| Question | Answer |
| ------------------------------------------- | ------------------------------------------------------------------------------- |
| Do I show TDS deducted u/s 194IA in my ITR? | ❌ **No**, not required. Not your income. Just appears in 26AS (Part F) |
| Do I need to fill any schedule for it? | ❌ No. There is **no schedule** in ITR-1 or ITR-2 for TDS deducted by buyer |
| Is ITR-1 applicable? | ✅ Yes, if only family pension, FD interest, and one house property |
| What if AIS shows property purchase? | Just make sure the funds are explained. No impact on current ITR unless queried |
---
Let me know if you want help cross-checking **Form 26AS, AIS, or ITR summary**.
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