TDS at the Rate of 1 Percent Applied on the Value of Transfer of Immovable Property Exceeding Rs.50 Lakh

Last updated: 28 February 2013

The Finance Bill 2013-14 proposes levy of TDS at the rate of 1 percent on the value of the transfer of immovable property where the consideration exceeds Rs.50 lakh. However, agricultural land will be exempt. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that transactions in immovable properties are usually undervalued and under-reported. One half of the transactions do not carry the PAN of the parties concerned. The Finance Minister said th
Daily Limit Reached

You have reached your daily limit of 2 Free News

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?
  • No Ads
  • WhatsApp Community
  • Daily E-Newsletter
  • Unlimited News Access
  • Profile Visitors
  • Link Social Profiles
  • Featured Job Posts
  • Pro Badge
  • Expert GST Guidance
  • Unlimited Forum Replies
  • Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)

BEST VALUE
2 Years PLAN
3499
(Excl. of GST ₹629)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 011-411-70713



Guest

News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :

Recent News :

  1. J&K Assembly Passes Five Bills on GST, Ease of Doing Business and Decriminalisation
  2. FIIs Sell Rs 9980 Crore in Indian Equities as Nifty, Sensex Remain Under Pressure
  3. Income Tax Department Searches Bollywood-Linked Premises Over Alleged Overseas Fund Transactions
  4. CBDT Extends Tax Audit Due Date for AY 2026-27 to 21st October 2026; ITR Deadline Moved to 21st November
  5. Tamil Nadu BJP Professional Cell Seeks Tax Audit Due Date Extension to 31st October 2026
  6. Supriya Sule Urges FM Sitharaman to Extend Tax Audit Due Date for AY 2026-27
  7. MP High Court Petitions Challenge AY 2026-27 Tax Audit Deadline
  8. ICAI Delegation Meets CBDT Member Vatsala Jha, Raises Tax Audit Deadline Concerns
  9. ICAI Advises CAs to Complete Tax Audits and AGMs Early Amid Proposed Bank Strike
  10. India Moves to Shield UPI Users from New Merchant Fees

More »


Popular News




Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member RAVINDRA KUMARRAVINDRA KUMARPro Member RajeshRajeshPro Member R NATARAJANR NATARAJANPro Member damodara rao tedladamodara rao tedlaPro Member CA CS DISA FAFD AJAY SINGHCA CS DISA FAFD AJAY SINGH
Subscribe to Pro
Join an elite circle of professionals


Browse by Category



Latest Job Openings

View all
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details