TaxHeal - GST and Income Tax Complete Guide Portal

TDS ON PROPERTY PURCHASE 2026-27 ! NEW UPDATE PART PAYMENT !

Summary

This video provides a critical update for property buyers regarding the transition to the new Indian Income Tax rules effective from April 1, 2026. It specifically addresses the confusion surrounding partial payments made before and after the 31st of March deadline.

Key takeaways include:

Split Compliance: If a part payment was made in or before February/March 2026, the buyer must use the Old Form 26QB and issue Form 16B as the TDS certificate.
New Rules: For any payments made on or after April 1, 2026, the buyer must transition to the New Form 141 and issue the new Form 132 TDS certificate to the seller.
Deadlines: TDS must be deposited within 30 days from the end of the month in which the tax was deducted to avoid penalties.
Guidance: The transition depends on the date of credit or payment, whichever is earlier, requiring taxpayers to manage two different forms if their property transaction spans across the financial year-end.

TDS on property purchase, Section 194-IA transition, Section 393 Income Tax, Form 141 Income Tax, Form 26QB vs Form 141, TDS on part payment of property, Income Tax Rules 2026, TDS payment after 31 March 2026, Form 132 TDS certificate, Form 16B vs Form 132, 1% TDS on immovable property, Income Tax New Forms 2026, property buying tax guide India, how to pay TDS on property online, CA Satbir Singh tax updates

#TDSonProperty #IncomeTaxIndia #Form141 #Form26QB #PropertyPurchase #TaxUpdate2026 #Section393 #IncomeTaxRules #TaxCompliance #CASatbirSingh #FinancialYear2026 #TaxPlanning #RealEstateIndia #TDS #NewIncomeTaxForms