New Delhi: As per Section 195 of the Income Tax Act, when a non-resident Indian (NRI) sells a property, TDS is required to be deducted at 20 per cent plus surcharge and cess by the buyer from the sale ...

The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...

Complex tax regulations for Non-Resident Indian (NRI) property sellers are causing significant fund blockage, with 12.5% to ...

Prices of the immovable properties are always soaring in India which makes it an investment. Accordingly, selling it generates profit which is taxed. In India, the onus to pay such a tax lies on the ...

The TDS rate would be higher (30% plus surcharge plus cess) if the immovable property was held for less than two years. When a non-resident Indian (NRI) sells a property, as per Section 195 of the ...

Purchasing a house can be a cumbersome task. You have to decide on a budget, arrange for the down payment and loan, select the property, negotiate with the seller, and also perform other statutory ...

If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax ...

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. A new tax rule, effective from October, ...

Representative Image NEW DELHI: TDS of one per cent will apply on sale of an immovable property valued at Rs 50 lakh and more, even if there are multiple buyers and sellers involved in the transaction ...