Real Estate
CBDT Clarifies PAN-Aadhaar Linking Rules: Relief for Real Estate Buyers and Sellers
CBDT Circular No. 9/2025 addresses the issues faced by taxpayers in real estate transactions due to inoperative PANs. This article provides a detailed guide on how to resolve TDS demands and comply with the new rules.
Real Estate
ITAT Rules: EDC Payments to HUDA are Contractual and Subject to TDS
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that External Development Charges (EDC) payments made to the Haryana Urban Development Authority (HUDA) are contractual in nature and are subject to Tax Deducted at Source (TDS) under Section 194C of the Income Tax Act, 1961. This decision affects real estate companies like M/s Ireo Grace Realtech Private Limited, which had previously made such payments without deducting TDS.
real estate news
ITAT Rules EDC Payments to HUDA Subject to TDS under Section 194C
The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that External Development Charges (EDC) paid to the Haryana Urban Development Authority (HUDA) are contractual in nature and subject to tax deduction at source (TDS) under Section 194C of the Income Tax Act, 1961.
Real Estate Mumbai
Navigating Tax Obligations When Buying Property from an NRI
Vikram Patel, a Mumbai resident, discovered the complexities of buying a property from an NRI, Neha Kapoor, based in Singapore. Learn about the tax liabilities and TDS obligations involved in such transactions.
Real Estate Mumbai
Airfares at Delhi and Mumbai Airports Could Rise as GMR, Adani Win Tariff Battle
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) has ruled in favor of GMR and Adani, allowing them to include non-aeronautical revenues in the tariff determination model. This could lead to a 6% increase in airport charges over the next decade.
Real Estate
NRI Wins Delhi High Court Case in Real Estate Property Tax Dispute
A Non-Resident Indian (NRI) successfully contested a tax dispute in the Delhi High Court, resolving issues related to TDS form errors and the failure to file an Income Tax Return.
real estate news
ITR Filing 2025: Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Learn about the significant changes in ITR forms for FY 2024-25 (AY 2025-26), including wider eligibility for ITR 1 and ITR 4, new TDS section requirements, and updated capital gains tax rules.
real estate news
ITR Filing 2025: Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Learn about the significant changes in ITR forms for FY 2024-25 (AY 2025-26), including wider eligibility for ITR 1 and ITR 4, new TDS section requirements, and updated capital gains tax rules.
real estate news
ITR Filing 2025: Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Learn about the significant changes in ITR forms for FY 2024-25 (AY 2025-26), including wider eligibility for ITR 1 and ITR 4, new TDS section requirements, and updated capital gains tax rules.
real estate news
ITR Filing 2025: Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Learn about the significant changes in ITR forms for FY 2024-25 (AY 2025-26), including wider eligibility for ITR 1 and ITR 4, new TDS section requirements, and updated capital gains tax rules.
real estate news
ITR Filing 2025: Five Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Discover the latest changes in ITR forms for FY 2024-25 (AY 2025-26) that will affect your tax filing process. From wider eligibility for ITR 1 and ITR 4 to new capital gains tax rules, stay informed to file accurately.
real estate news
ITR Filing 2025: Five Key Changes in ITR Forms for FY 2024-25 (AY 2025-26)
Discover the latest changes in ITR forms for FY 2024-25 (AY 2025-26) that will affect your tax filing process. From wider eligibility for ITR 1 and ITR 4 to new capital gains tax rules, stay informed to file accurately.
real estate news
Five Major Changes in ITR Forms for FY 2024-25 (AY 2025-26)
The Income Tax Department has introduced several changes in the ITR forms for FY 2024-25 (AY 2025-26). These changes include wider eligibility for ITR 1 and ITR 4, the requirement to specify TDS sections, new capital gains tax rules, raised asset reporting thresholds, and the reporting of buy-back proceeds as deemed dividends.
real estate news
Five Major Changes in ITR Forms for FY 2024-25 (AY 2025-26)
The Income Tax Department has introduced several changes in the ITR forms for FY 2024-25 (AY 2025-26). These changes include wider eligibility for ITR 1 and ITR 4, the requirement to specify TDS sections, new capital gains tax rules, raised asset reporting thresholds, and the reporting of buy-back proceeds as deemed dividends.
real estate news
Five Key Changes in ITR Forms for FY 2024-25 (AY 2025-26) - Expanded Eligibility for ITR 1 and ITR 4
The Income Tax Department has introduced several changes to the ITR forms for FY 2024-25 (AY 2025-26). These changes include expanded eligibility for ITR 1 and ITR 4, mandatory TDS section specification, new capital gains tax rules, a raised asset reporting threshold, and the reporting of buy-back proceeds as deemed dividends.
Real Estate
Navigating Property Purchases from NRIs: Understanding TDS and Avoiding Tax Traps
The actual TDS rate for property purchases from NRIs varies based on the holding period. Learn how to avoid common tax pitfalls when buying property from a non-resident Indian.
real estate news
Navigating the Challenges of Buying Property from an NRI: TDS and Tax Considerations
Discover the key tax implications and TDS requirements when purchasing property from a Non-Resident Indian (NRI). Learn how to avoid common pitfalls and ensure a smooth transaction.
Real Estate
Swiggy Faces ₹53.47 Lakh Income Tax Notice for TDS Non-Compliance
Swiggy, one of India's leading food delivery platforms, has received a significant income tax notice from the Income Tax Department. The notice, amounting to ₹53.47 lakh, is related to issues with Tax Deducted at Source (TDS). This development could have
Real Estate Maharashtra
SWAMIH Fund 2.0 and Higher TDS on Rentals to Boost Real Estate Growth: Hiranandani
Mumbai (Maharashtra) [India], February 1 (ANI): The proposed hike in TDS (Tax Deducted at Source) on rentals up to Rs 6 lakh, as promised in the recent budget, is expected to catalyze growth in the real estate sector, according to Hiranandani Group. This
Real Estate Mumbai
TDS Exemption for Compensation Under Land Acquisition Act 2013: A Court Ruling
The Bombay High Court has ruled that TDS is exempt for compensation paid under the Land Acquisition Act 2013, in a recent matter of Bombay Real Estate Development Company versus Municipal Corporation of Greater Mumbai and Others.