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

Either if as an NRI you are selling a property in India or as a buyer you are purchasing a property from an NRI, you need to be mindful of TDS compliances and related issues, to ensure a smooth ...

Representative Image NEW DELHI: TDS of one per cent will apply on sale of an immovable property valued at Rs 50 lakh and more, even if there are multiple buyers and sellers involved in the transaction ...

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their ...

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 ...

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 ...

Prices of the immovable properties are always soaring in India which makes it an investment. Accordingly, selling it generates profit which is taxed. In India, the onus to pay such a tax lies on the ...

TDS is deducted at 1% only if the sale consideration of a property equals or exceeds ₹50 lakh The TDS rate will be 30% or 20% depending on the holding period of the immovable property along with other ...

A clarification in this regard was provided by Finance Minister Nirmala Sitharaman in her Budget Speech amid cases of misinterpretation of tax provisions. The government on Tuesday said that one per ...