Tax and investment consultant Subhash Lakhotia gives a detailed explanation on the new section in the Income Tax Act of 1961- TDS on transfer of immovable property. Advisory Alert: It has come to ...

If the property is jointly owned by husband and wife and the entire TDS is deposited in the name of husband, the entire TDS credit should be allowed to the husband, provided the wife does not claim ...

With an aim to reform the personal income tax regime with a special focus on middle-class citizens, the Union Finance ...

In case of an NRI property seller in India, the buyer is responsible for withholding a tax, known as TDS, before making payment for the property. Awareness of the TDS procedure will enable a smoother ...

Manoj Purohit, Partner at BDO India’s Tax and Regulatory Services, commented that this change addresses a long-standing need ...

In the Budget speech, Sitharaman said the move to increase the annual limit for TDS on rent from Rs 2.40 lakh to Rs 6 lakh ...

Ahead of the Budget 2025-26, there are expectations that Union Finance Minister Nirmala Sitharaman would ease norms related ...