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.
Real Estate
New Tax Rule Closes Loophole in Property Sales, Bolstering Tax Collection
India's real estate market just got a bit more transparent for tax authorities, but this increased scrutiny can change the dynamics of property transactions.