Complex tax regulations concerning property sales by Non-Resident Indians (NRIs) are causing significant financial blockages ...

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 ...

Mr. Gupta was very excited when he finally hired a builder to construct his dream retirement home. He did not leave any stone unturned while doing research on the vastu, interior, paints, gardening, ...

Complex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to ...

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: ...

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 ...