Tax Deducted at Source (TDS) under the Income Tax Act has undergone wide-ranging changes in the last decade. One of them was the introduction of rule - TDS on the sale of properties under Section ...

Purchasing a house can be a cumbersome task. You have to decide on a budget, arrange for the down payment and loan, select the property, negotiate with the seller, and also perform other statutory ...

Delhi HC quashed the penalty and directed TDS credit correction for NRI due to a buyer's form error in a 2015 property sale case. (Bloomberg) A Non-Resident Indian ...

To curb evasion of tax on property sales, the income tax department has made it mandatory for buyers of property to deduct TDS from payments made to the seller. TDS is applicable where total sales ...

'Individuals can consider dividing ownership of properties between related persons to ensure that the sale transactions are below the Rs 50 lakh limit and therefore not subject to TDS.' Illustration: ...

Houses and other immovable assets worth over Rs 50 lakh in Mumbai metropolitan region will attract the new tax regime introduced for realty transactions from Jun 1 Property buyers have to shell out ...

Tax deducted at source (TDS) is applicable on various types of incomes during a financial year. It is, however, important that you compare the TDS paid with the actual tax liability during a year to ...

The due date of payment of TDS on transfer of immovable property is 30 days from end of the month in which the deduction is made. PAN of the buyer and the seller is mandatory to make e-payment of TDS ...