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… Read More »
Form 26QB Summary of Form 26QB As per Finance Bill of 2013, TDS is applicable on sale of immoveable property wherein the sale consideration of the property is equal or exceeds to 50,00,000 (Rupees Fifty Lakh). Sec 194 IA of the Income Tax Act, 1961 states that for all transactions with effect from June 1,… Read More »
Govt revised timeline to Deposit TDS on Property Section 194IA requires buyer of the Property to deduct 1% TDS while making payment to seller if consideration of the Property exceeds 50 Lakh Rupees. Such TDS was required to be paid within 7 days from the end of the month in which payment been made but… Read More »