TDS on Buying a Flat in Mumbai: Section 194-IA and 26QB
Buying a flat in Mumbai? Learn how 1% TDS under Section 194-IA works, how to file Form 26QB, who pays and the mistakes that trigger notices.
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Mumbai Real Estate Insights · Buying Costs TDS on Buying a Flat in Mumbai: Section 194-IA, Form 26QB and Who Pays When you buy a flat in India from a resident seller, you generally have to deduct 1% tax at source (TDS) from the sale price and deposit it with the government before the seller gets the full amount. This applies where the consideration is at or above the threshold in the Income-tax Act, and it is paid through Form 26QB. This Banke India guide explains how TDS on property
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