INTIMATION OF TDS ON A PROPERTY PURCHASE (SECTION 194-IA)
Date: 3 April 2026
Buyer: Aarav Sharma, Sector 21, Panchkula. Seller: Harpreet Singh, Sector 35, Chandigarh. Property: Plot 118, Sector 35-A, Chandigarh (Plot/land), Residential plot measuring 500 square yards..
Relevant payment or credit date: 1 April 2026. Seller residency: Resident seller.
Tax regime: Income-tax Act 1961 section 194-IA event on or before 31 March 2026.
Sale consideration: ₹75,00,000 (Rupees Seventy Five Lakh only). Stamp-duty value: ₹78,00,000 (Rupees Seventy Eight Lakh only). TDS rate: 1%. TDS amount: ₹78,000 (Rupees Seventy Eight Thousand only).
Filing form: Form 26QB for a qualifying old-Act event. Deduction date: 2 April 2026. Deposit or statement due date: 4 April 2026.
Seller PAN: ABCDE1234F. Buyer PAN: PQRSX5678L.