This blog post offers a clear comparison of four important TDS sections related to property and rental income in India: 194I, 194-IA, 194-IB, and 194-IC. It explains each section's nature of payment, payer, payee, threshold limits, TDS rates (including recent changes for 194-IB and 194I for FY 2025-26), time of deduction, required forms, and TAN requirements. The post also discusses the connections between these sections, compliance issues, and best practices for individuals, businesses, and developers to manage the TDS landscape effectively and avoid penalties.

This blog explains Form 16B, the TDS certificate mandatory for property sales over ₹50 lakh in India under Section 194-IA. It details the buyer's responsibility, the process involving Form 26QB, critical deadlines for certificate issuance (15 days from Form 26QB due date), and the penalties (₹100/day under Sec 272A(2)(g)) for non-compliance, emphasizing its importance for both buyers and sellers.

Section 194-IA of the Income Tax Act requires TDS deduction for property transactions above ₹50 lakhs. This blog gives a detailed reference to TDS deductions, compliance requirements, and the penalties of noncompliance for Indian property buyers. Stay informed and avoid fines with our in-depth insights.