Budget 2022: No TDS on Transfer of Immovable Property If Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs

By Taxscan Team - On February 1, 2022 8:29 pm - 2 mins read
Finance Bill 2022 - TDS - Transfer of Immovable Property - Stamp Duty Value - Budget 2022 - budget scan - budget session - taxscan

The Finance Bill 2022 stated that no TDS on Transfer of Immovable Property if Consideration paid or Stamp Duty Value are both less than Rs. 50 Lakhs. Section 194-IA of the Act provides for deduction of tax on payment on transfer of certain immovable property other than agricultural land. Sub-section (1) of the said section…

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