Calculate statutory tax deduction at source across property purchases, NRI transactions, and rental leases. Supports both the new unified Form 141 & Form 132 framework and the legacy Form 26QB, 26QC & 16B regime.
Under the Income Tax Act, buyers and tenants are statutorily required to deduct tax at source and remit it to the government treasury within 30 days of the month-end. Non-compliance invites penal interest under Section 201(1A) and fees under Section 234E.
Applicable when purchasing immovable property (other than agricultural land) from a resident Indian for ₹50 Lakhs or more. Tax is deducted on the higher of the agreed sale consideration or the Ready Reckoner circle valuation.
TDS is calculated on the higher of Sale Consideration or Ready Reckoner Stamp Duty Value.
When purchasing property from a Non-Resident Indian, TDS is levied on the entire gross consideration (unless a Lower Deduction Certificate is obtained). Applicable surcharge and 4% Health & Education Cess must be factored in.
| Total Consideration | Surcharge |
|---|---|
| Up to ₹50 Lakhs | 0% |
| ₹50L to ₹1 Crore | 10% |
| ₹1 Cr to ₹2 Crores | 15% |
| ₹2 Cr to ₹5 Crores | 25% |
| Above ₹5 Crores | 37% |
Individuals and Hindu Undivided Families not subject to tax audit who pay monthly rent exceeding ₹50,000 must deduct TDS at 2%. Deduction is executed once per financial year in the last month of the tenancy or FY.
Applicable to corporate entities, LLPs, and audited business proprietorships paying rent exceeding ₹2,40,000 per financial year. Deduction is executed monthly. A Tax Deduction Account Number (TAN) is required.
Calculate exact statutory challan deposit dates and certificate generation deadlines based on transaction month.
Comprehensive statutory mapping across schedules, forms, certificates, and procedural rules.
| Transaction Nature | New Unified Regime (Reformed) | Legacy Framework | Generated TDS Certificate |
|---|---|---|---|
| Property Purchase from Resident (≥ ₹50L) | Form 141 Schedule B | Form 26QB | Form 132 (Replaces Form 16B) |
| Property Purchase from NRI | Form 141 Schedule E (PAN-based) | Form 27Q (Requires TAN) | Form 132 (Replaces Form 16A) |
| High Value Rent by Individual (> ₹50k/mo) | Form 141 Schedule A | Form 26QC | Form 132 (Replaces Form 16C) |
| Commercial Rent by Companies (> ₹2.4L/yr) | Form 141 Schedule A / Form 26Q | Form 26Q (Quarterly) | Form 132 / Form 16A |
| Joint Seller / Multi-Owner Deeds | Single consolidated Form 141 return | Multiple Form 26QB per buyer-seller pair | Individual Form 132 generated per owner |
| Correction & Rectification Window | Direct online correction via TRACES | Challan correction on TRACES | Re-issued updated certificate |
Our dedicated regulatory desk assists buyers and sellers with title searches, Leave & License agreements, Form 141 filing, and TRACES Form 132 certificate generation.