Introduction

TDS on Property

TDS is deducted at 1% of sale consideration if it exceeds Rs. 50 lakhs.

Eligibility

TDS Credit

Buyer must have valid PAN, TAN, and deposited TDS to claim credit.

Step-by-Step

Claim TDS Credit

Obtain TDS certificate, enter details in ITR, and claim credit.

Example

TDS Calculation

1% TDS on Rs. 60 lakhs is Rs. 60,000, claimable in ITR.

Mistakes

Common Errors

Not obtaining certificate, incorrect ITR entry, and not claiming credit.

Regime

TDS Rates

Old and new regimes have 1% TDS rate, Rs. 50 lakhs threshold.

Practical Tips

Avoid Issues

Obtain certificate, enter details correctly, and consult tax professional.

Takeaway

TDS Claim

Claiming TDS credit requires correct ITR entry and valid documents.

Free Tax Check

Know your tax refund before you file

Upload your Form 16 and get an instant, accurate tax refund information — old vs new regime compared side by side absolutely FREE.