Section 194-IA
TDS on Property: 5 important things you should know
With the introduction of Section 194-IA in The Finance Bill 2013, here comes the new provision of Tax Deduction at Source on Property transfers. TDS on Property According to The Finance Bill 2013, all sale transactions related to transfer of any immovable property, with the consideration amount exceeding Rs 50 lakh demands a tax deduction […]
TDS Explained- TDS on purchase of Immovable Property
People often have many doubts regarding TDS (Tax deduction at source) and its related concepts. As the name depicts, TDS is just an indirect mode to collect tax from the tax payer or deductor by the income tax department. In order to avoid tax evasion, Income Tax Act has introduced the provision (TDS) to collect […]
