This article delves into the key provisions and applicability of Section 194IA under the Income Tax Act, focusing on TDS requirements for purchasing immovable property. It outlines essential guidelines, calculation methods, and step-by-step procedures for compliance, including how to handle deductions and deposits using Forms 26QB and 16B. The article also covers scenarios involving multiple buyers or sellers, offering clear insights into this important tax obligation.

Understanding GST on the sale of used capital goods is vital for businesses to manage tax liabilities and compliance. The GST regime includes specific provisions affecting eligibility for Input Tax Credit (ITC), applicable GST rates, and required documentation. Stay informed to ensure compliance while selling pre-owned assets.