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Income tax · acquisition TDS

TDS on property compensation (section 194LA)

Internal audit copy names section 194LA for compensation on acquisition of immovable property in some cases. No rate is stated here.

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The internal audit services page says section 194LA covers compensation on acquisition of immovable property in some cases. This page does not describe which acquisitions fall under 194LA versus other sections.

Buyer TDS on a property sale is named under section 194-IA with Form 16B on internal audit copy. Joint development agreements may involve multiple TDS events on that list. Landowner share in JDA may trigger capital gains not TDS for owner on the same page; contractor payments by landowners during construction attract section 194C.

Rent and tenant rows stay on the section 194I page and the section 194-IB page.

Payees check Form 26AS. Notice support stays on the TDS return filing page for deductor filings.

What does internal audit say about section 194LA?

The internal audit services page says section 194LA covers compensation on acquisition of immovable property in some cases. This page does not state a rate or when each case applies.

Is 194LA the same as 194-IA?

No. Internal audit copy names section 194-IA for buyers of immovable property deducting TDS in many cases on the section 194-IA page. Section 194LA is compensation on acquisition in some cases on the internal audit list.

Does this page state a TDS rate?

No. The published pages name 194LA only; they do not state a percentage on this page.

Property buyer (194-IA)Form 16B Contractors (194C)JDA construction Capital gains deskSeller-side gains

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