
This rate applies to all types of properties, whether residential, commercial, or industrial.
TDS Rate : The TDS rate for the purchase of immovable property in India is 1% of the total sale consideration. Applicability: Sec 194 IA of the Income Tax Act, 1961 is applicable on any person, whether a resident or a non-resident buying any immovable property (other than agricultural land) from a resident seller. Applicability of Sec 194IA, TDS Rate and Threshold limit: Steps to generate Form 16B/TDS Certificate :ġ.
Steps to fill form 26QB through TIN NSDL Website : Steps to fill form 26QB through Income Tax website (E-Filing Portal):
Documents are required to file Form 26QB :