TDS on Property Calculator
Calculate Tax Deducted at Source (TDS) under Section 194-IA for property transactions
TDS applies only if value exceeds ₹50 lakhs
For joint purchases, split TDS equally among buyers
Multiple sellers share the TDS liability
TDS APPLIES (Section 194-IA)
Property value ₹75,00,000 exceeds ₹50 lakhs threshold
Total TDS (1%)
₹75,000
TDS Per Buyer
₹75,000
TDS on Property Sale (Section 194-IA)
What is TDS on Property?
Tax Deducted at Source (TDS) is a tax collection mechanism where the buyer deducts 1% from the seller's consideration and deposits it with the income tax authority.
When Does TDS Apply?
- Property value exceeds ₹50 lakhs (₹5,000,000)
- Only on immovable property (land, building, etc.)
- Applies to both residential and commercial properties
- Seller must have PAN (Permanent Account Number)
TDS Rate
1% of the property consideration value
Important: Form 26QB
The buyer must file Form 26QB with the income tax authority within 30 days of deducting TDS. This form certifies that TDS has been deducted and is required for the seller to claim credit.
Remember: Failing to file Form 26QB or deduct TDS can result in penalties and legal action.
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Disclaimer: This calculator provides general information only. TDS applicability and amounts depend on various factors. Consult a tax professional or your income tax officer for accurate guidance on your specific transaction.