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 ...

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 ...

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 ...

You have found your dream property. The price works, the location is perfect, and the seller is ready to sign. But here is the catch: the seller is an NRI. Buying from a Non-Resident Indian (NRI) may ...

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 ...

Buying a property in India isn’t just about finding the right location or negotiating a good deal. It's a financial maze, especially when the seller is a non-resident Indian (NRI). From deducting the ...

For many Non-Resident Indians (NRIs), investing in Indian real estate has long been a preferred route to grow wealth and maintain a connection to their homeland. But when it comes to selling that ...

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%.