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 ...

The Central Board of Direct Taxes (CBDT) issued a notification on 31 May giving clarity on tax deducted at source (TDS) on immovable property. Effective 1 June, TDS at the rate of 1% on the value of ...

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 focused on collecting tax from the very source of income. The due date for filing TDS returns for the first quarter of FY23 is scheduled for July 31, 2022. The Income ...

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 ...