New TDS CERTIFICATE FORM 132 PURCHASE OF PROPERTY | HOW TO DOWNLOAD | GUIDE INCOME TAX
Based on the video content, here is the summary
Summary
This guide explains the procedure for downloading the new TDS Certificate Form 132 for property purchases exceeding ₹50 Lakhs under the Income Tax Act 2025 (applicable from April 1, 2026). It covers the step-by-step process on the TRACES portal (tdscpc.gov.in), starting from logging in as a taxpayer to navigating the download section. The video highlights key changes, such as the requirement to first file Form 141 on the Income Tax website and the removal of password protection for the downloaded certificate. It also details the components of Form 132 (Parts A, B, and C) and warns of a ₹500 per day penalty for failing to issue the certificate to the seller on time.
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