TDS on property purchase section 194IA

TDS on sale of property,  Section 194IA

Agreement value 80 lac, agreement date – 01.04.2023

First Instalment Payment of Rs.  10 lac is to be made to builder in oct 2023

Is it mandatory to deduct TDS @ 1%  u/s 194IA , or can I deduct later on when payment

Exceeds 50 lac.

In one case buyer paid various instalment to builder starting from 1.4.2019 and up to 15.10.2023 total 45 lac paid to builder without deducting TDS.  If we deduct TDS now  and  then there will be late fee and interest. Please suggest

Replies (1)

Dear umesh ji,

First of all see property document and see how much amount to be paid regarding the said property, and if the property value is Exact  Rs. 50 Lakh or more  then you have to require to deduct TDS @ 1% and.

  • TDS is required to be deducted only if total sale price is Rs 50 lakh or more
  • If the payment is made by instalments, then TDS has to be deducted on each instalment paid.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details