Buying a property valued at ₹50 lakh and above? You must deduct and pay TDS before registration—keep reading. Advisory Alert: It has come to our attention that certain individuals are representing ...
Representative Image NEW DELHI: TDS of one per cent will apply on sale of an immovable property valued at Rs 50 lakh and more, even if there are multiple buyers and sellers involved in the transaction ...
Either if as an NRI you are selling a property in India or as a buyer you are purchasing a property from an NRI, you need to be mindful of TDS compliances and related issues, to ensure a smooth ...
The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...
Prices of the immovable properties are always soaring in India which makes it an investment. Accordingly, selling it generates profit which is taxed. In India, the onus to pay such a tax lies on the ...
Everyone whose monthly rent is more than Rs 50,000 is liable to deduct TDS under section 194-IB. TDS or tax deducted at source is widely known in the case of salaried employees, as it becomes ...
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 ...
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