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 ...

TDS tracks seller’s taxable gains.Stamp duty secures legal ownership.Missing either leads to costly complications. When ...

New Delhi: As per Section 195 of the Income Tax Act, when a non-resident Indian (NRI) sells a property, TDS is required to be deducted at 20 per cent plus surcharge and cess by the buyer from the sale ...

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 ...

Beyond IT deductions, buyers must consider GST and TDS. Under-construction homes attract GST, while ready-to-move-in ...

Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for STCG and 20% for LTCG, emphasizing the importance of compliance to avoid ...

The TDS provision may not have much of an impact on builders but could hurt sentiment among retail buyers, say experts. Photo: Ramesh Pathania/Mint (Ramesh Pathania/Mint ) New Delhi: Buyers of ...

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 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 ...

There will now be a tax deduction at source (TDS) for transfer of an immovable property. This new provision has come into effect from June 1, 2013 and it is important for every individual to ...