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 ...

In order to check the rampant use of black money in immovable property transactions, the government of India has introduced a law, wherein, the purchaser of a property has to deduct tax at source, R ...

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 ...

Income Tax laws mandate disclosing the sale of assets in India by NRIs in the ITR, even if the applicable taxes have been paid through TDS. (Image: Pixabay) When a young Mumbai-based couple bought an ...

Buying a house is an exciting milestone in one’s life. While most individuals are aware of the tax benefits available for repayment of housing loan and the principal payment, very few are aware of the ...

If you purchase a property of more than Rs 50 lakh value, you need to deduct TDS at 1% from the payment you have made. Representational Image: Photo: Pixabay During the year, the government has ...

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 ...

Boom in real estate business in India has led to a surge in land prices, while the government valuation of immovable property has not increased in the same proportion. Due to this, generation of black ...