Immovable property: Buyer must consider stamp duty value for TDS2 min read . Updated: 03 Feb 2022, 12:13 AM IST
- In case where the consideration paid for the transfer of immovable property and the stamp duty value of such property are both less than ₹50 lakh no tax is to be deducted under section 194-IA
As per Budget 2022, in case of a transfer of an immovable property, the buyer must deduct tax at the rate of 1% of the amount paid to the seller or the stamp duty value of such property, whichever is higher.
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