The buyer deducts 1% TDS on the whole amount when the value is ₹50 lakh or more, deposits it with Form 26QB within 30 days of the month-end, and gives the seller Form 16B. No TAN is needed.
FAQ
Is TDS charged on ₹50 lakh exactly?
Yes, at ₹50 lakh or more, on the full value.
Sources (checked 6 Nov 2026): Income-tax Act 2025 (TDS on transfer of immovable property).