Section 194IA — Transfer of Immovable Property

# Section 194IA — TDS on Transfer of Immovable Property (other than Rural Agricultural Land)

## Who deducts?

• Payer (Buyer): Any person (including individuals; no 44AB linkage).
• Payee (Seller): Resident transferor.

## Threshold

Consideration (sale price) OR Stamp Duty Value — whichever is higher — should be ₹50,00,000 or more.

## Rate

1% of higher of (consideration / SDV).

## Notes

• Applies to all immovable property except rural agricultural land.
• Buyer can pay TDS directly using Form 26QB; no TAN required.
• TDS to be paid within 30 days of end of month in which deduction made.