Mumbai is one of the most expensive real estate markets in the world. When you are planning to invest in a property here, you have various choices – under-construction, ready-to-move in properties and resale … READ FULL STORY
Within the travel business, we are noticing the emergence of a new trend. Airbnb is changing how people view homes; not just as places to live, but also as venues for hosting and socialising. … READ FULL STORY
Finance Minister Nirmala Sitharaman presented the 8th consecutive Union Budget on Saturday, February 1, 2025. She began her speech by highlighting the four key engines of Budget 2025: Agriculture, MSMEs, Investment and Exports. These … READ FULL STORY
When purchasing a property in India, understanding tax implications is crucial. One key aspect is Tax Deducted at Source (TDS), a mechanism aimed at ensuring timely tax collection on high-value transactions. Applicable under specific … READ FULL STORY
May 28, 2024: The transit rent paid by the developer to the owner when the property goes for redevelopment does not qualify as revenue/income and so cannot be taxed, the Bombay High Court in … READ FULL STORY
When it comes to managing rental income, property owners in India must navigate the complexities of tax regulations, particularly the Tax Deducted at Source (TDS) under Section 194I of the Income Tax Act. This … READ FULL STORY
Under Section 194-IA of the income tax law, property buyers in India are obliged to deduct tax at source (TDS) if the property value is more than Rs 50 lakh. On property deals worth … READ FULL STORY
The proceeds derived from the sale of agricultural land in India generally benefit from tax exemptions. Nevertheless, specific conditions govern these exemptions, taking into account factors such as the land’s location, current usage, ownership … READ FULL STORY
Those paying money for professional and technical services have been entrusted with the responsibility to deduct tax at source under income tax laws in India. The provisions made in this regard are explained under … READ FULL STORY
In the Indian financial landscape, PAN (Permanent Account Number) and TAN (Tax Deduction and Collection Account Number) are two crucial identification numbers issued by the Income Tax Department. While both are alphanumeric codes, they … READ FULL STORY
There are many jargons that you will encounter while dealing in real estate. One such is the Tax Deducted at Source (TDS) on sale of property. Listed under section 194-IA of Income Tax Act, … READ FULL STORY
The income earned by individuals from renting a property is subject to taxation if it exceeds a specified amount. The provisions of Section 194-1 of the Income Tax Act, 1961, mention the tax deducted … READ FULL STORY
Under the Indian income tax (IT) laws, a property owner is liable to pay taxes to the government on its sale, based on the holding period and profit earned (known as capital gains). The … READ FULL STORY
