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Tds on property registration

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Is the TDS on property purchase applicable for purchase of agriculture land? If so, does the more than 50 lakhs rule (property value) apply for agriculture land too?
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" Is the TDS on property purchase applicable for purchase of agriculture land?"

No, TDS u/s. 194IA not applicable for RURAL agricultural land.

Any sum paid by way of consideration for transfer of any immovable property (other than agricultural land) is covered under section 194-IA, provided the consideration for transfer of an immovable property is not less than Rs. 50 lakhs.


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