Section 194IA – How to File TDS on Sale of Property
Section 194IA - How to File TDS on Sale of Property When buying a property in India, tax compliance is a crucial aspect. If the property value exceeds ₹50 lakh, the buyer is legally required to deduct 1% TDS (Tax Deducted at Source) and deposit it with the government. The entire process can be completed online, making it convenient for buyers to fulfill their tax obligations without visiting a bank or tax office. This blog will guide you through the importance, process, and key considerations for online TDS payment on property purchases. What is TDS on Property? TDS on property…