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 Budget 2022, finance minister Nirmala Sitharaman proposed that the 1% TDS (Tax Deduction at Source) on non-agriculture immovable property of Rs 50 lakh or more will be calculated based on the sale ...

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 ...

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.

I recently sold a property owned jointly by my mother-in-law, my wife and me. The property was purchased with a loan taken in my name although the sale deed did not mention any proportion of our ...

The Union Budget 2022-23 proposed one per cent tax to be deducted at source (TDS) on payment for purchasing immovable property of over Rs 50 lakh will be based on the higher of the stamp duty value or ...

Owing to an increase in the transactions of purchase and sale of immoveable properties, going unreported and undervalued, the Government felt the need to bring a regulation to improve the reporting of ...

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS ...

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 ...

The property that an NRI holds is categorised as a capital asset, which can be a long-term capital asset or a short-term capital asset. If you purchase a piece of property from a Non-Resident Indian ...