TDS on transfer of immovable property
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 […]
TDS on Property Sale Rolled Back by the FM
The finance minister Pranab Mukherjee recently rolled back the 1% TDS proposal on immovable properties.The TDS on property sale was proposed by the government of India in the budget 2012-2013. The rollback of the TDS will make the buyer easily accessible for a property transaction. Earlier the entire procedure of the TDS was complicated as […]
