TDS on property purchase above Rs 50 lakh explained: Key rules, conditions and filing process
- Posted on June 9, 2026
- By The Times of India
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- 1 min read
TDS on property purchase above Rs 50 lakh explained: Key rules, conditions and filing process
Property buyers purchasing homes, flats or any other immovable property worth Rs 50 lakh or more are required to comply with a key tax provision under the income tax act before completing the transaction. Under Section 194-IA, buyers must deduct 1% tax deducted at source (TDS) from the sale consideration and deposit it with the government when making payments to the seller.
