Indiatimes

1% TDS on property purchase over Rs 50 lakh even in case of multiple buyers or sellers

Mumbai: In case of purchase of immovable property (other than agricultural land) from a resident seller, of over Rs. 50 lakh, a TDS of 1% will apply, even if there are more than one buyers and the ...
Indiatimes

Seller’s PAN-Aadhaar not linked? Pay 20% TDS on property purchase

AHMEDABAD: Buying a property? While you will ensure you have linked your Aadhaar and PAN cards, do ensure the seller from whom you’re buying the property has also done the needful. Or else, be ...
Gehost op MSN

Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader

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 ...
Mint

What’s the TDS when buying property from an NRI?

For property held more than 2 years: TDS is deducted at 12.5% (plus surcharge and cess). For property held 2 years or less: TDS is deducted at 30% (plus surcharge and cess). TDS should be calculated ...
Zee Business

Seller’s PAN-Aadhaar not linked? Pay 20% TDS on property purchase

Seller’s PAN-Aadhaar not linked? Pay 20% TDS on property purchase Zee Business Video Team | Updated: December 6, 2023 07:51 PM IST In case of not linking PAN-Aadhaar, TDS will be 20% instead of 1%.