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BackIndia's Section 194-IA: 1% TDS on Property Transactions Over ₹50 Lakh
India's Section 194-IA: 1% TDS on Property Transactions Over ₹50 Lakh
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Times of India09.06.2026BusinessIndia

India's Section 194-IA: 1% TDS on Property Transactions Over ₹50 Lakh

En resumen

Buyers of Indian property worth ₹50 lakh or more must deduct 1% TDS under Section 194-IA, depositing it with the government to avoid interest and penalties.

Resumen generado por IA

Tamaño de fuente

Buyers of Indian property worth ₹50 lakh or more must deduct 1% TDS under Section 194-IA, depositing it with the government to avoid interest and penalties.

Read the full article on Times of India

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This article was originally published by Times of India.

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Common Mistakes Leading to Income Tax Department Queries and Notices
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Common Mistakes Leading to Income Tax Department Queries and Notices

Filing income tax returns (ITR) accurately is crucial to avoid queries from the Income Tax Department. Common mistakes include mismatches between ITR and AIS/Form 26AS, incorrect capital gains reporting, non-disclosure of income streams like interest and dividends, and misalignments between high-value transactions and reported income. Experts advise taxpayers to reconcile all income sources and documents before filing to prevent notices.

Times of India
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