The Tribunal held that deducting TDS only on part of the purchase price of immovable property was contrary to Section 194IA. TDS was required to be deducted on the full consideration of ₹4.81 ...

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 ...

The article explains that individual tenants paying rent above ₹50,000 per month must deduct TDS at 2% under Section 194-IB.

A new section 194IA has been inserted in the Income-tax Act, 1961 by the Finance Act, 2013. It provides for tax deduction at source on transfer of certain immovable property other than agricultural ...

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 ...

The TDS rate would be higher (30% plus surcharge plus cess) if the immovable property was held for less than two years. When a non-resident Indian (NRI) sells a property, as per Section 195 of the ...

In Budget 2022, the finance minister proposed that at the time of buying a property, one per cent TDS (Tax Deduction at Source) will apply on a non-agriculture immovable property of over ₹50 lakh on ...

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 ...