Gift of Immovable Property
TDS on immovable property: Points to consider
In its recent move, the central government has gained the spotlight by implementing tax deduction at source(TDS) on the transfer of immovable properties. The present provision finds its due relevance in all transfer of immovable property transactions of property worth Rs 50 lakh or more. The new provision calls for TDS to rollback at 1% […]
Only Registered Gift Deed of Property Is Valid
It is invalid if a gift of a property is not registered. Documents should be stamped and registered as required, and attested by two witnesses. A Gift Deed is a legal document that states how much you received, from whom and when. Any person who is competent to contract can gift his property. The person […]
