Frequently Asked Questions

TDS on property refers to tax deducted at source when purchasing immovable property above a specified value. The buyer is responsible for deducting and depositing this tax. Under Section 194-IA, on purchases of ₹50 Lakhs or more from a resident seller, the buyer must deduct 1% TDS from payments to the seller and deposit it with the government using the prescribed form (Form 26QB / Form 141 as applicable) on the Income Tax or TRACES portal.