Correct TDS deduction, Form 141 filing, and Form 132 (16B) download for property purchases — fully managed for buyers under the new Income Tax Act 2025.
When purchasing immovable property exceeding ₹50 lakh, the buyer must deduct TDS at 1% under Section 393 of the Income Tax Act 2025 (replacing Section 194IA). The process uses Form 141 — a challan-cum-statement filed without requiring a TAN. The seller receives Form 132 (equivalent to the earlier Form 16B) as the TDS certificate.
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💬 WhatsApp Us Now ✉ Send a Message →Anyone purchasing immovable property above ₹50 lakh in India needs to comply with TDS deduction requirements.
First-time homebuyers and investors purchasing apartments, villas, or plots above ₹50 lakh.
Businesses purchasing office space, shops, or industrial property — often with multiple instalments.
NRIs buying property in India face additional FEMA compliance — we coordinate both.
When property is bought jointly, each buyer must file Form 141 separately for their share.
TDS must be deducted at the time of payment or credit to the seller, whichever is earlier. For instalment payments, TDS is deducted on each instalment.
No. TDS applies on the sale consideration only — not stamp duty, registration fees, or other government charges.
The buyer becomes a defaulter — liable for interest at 1%/month plus penalty u/s 271C equal to the TDS amount. We can help regularise past defaults.
TDS filed via Form 141 appears in the seller's Form 26AS/AIS. The seller claims it as advance tax in their ITR and receives Form 132 as the TDS certificate.
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