I have a query regarding TDS on Payment on transfer of immovable property other than agricultural land . As per Sec 194 – IA any person , being a transferee ,responsible for paying to a resident transferor, for transfer of a immovable property with consideration of more than Rs. 50 Lakhs need to deduct TDS @ 1% .As per Sec. 194-IA (3) , the provisions of Sec . 203A relating to obtaining Tax deduction & collection Account Number do not apply to a person required to tax in accordance with provision s of this sec. Now my queries are, how the transferee should remit TDS amount? How transferee should file TDS returns or is it not needed at all? I mean I just wanted to know how process works.