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TDS ON BUYING HOUSE
Booked flat for Rs 24 lakh in 2010, paid Rs 40 lakh over time, still no possession in 2026; homebuyers awarded full refund and Rs 2.5 lakh compensation eachThe case dates back to 2010 when the two homebuyers had made bookings for 3BHK flats in a housing society project initially proposed in Noi...- Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...
- Bengaluru techie earns Rs 1.7 lakh a month but still wants to sublet a room in his new home: 'Part of me feels trapped'A Bengaluru tech professional is experiencing significant financial stress after purchasing his first home. Despite a good salary, the home...
- Income tax: New TDS/TCS statement correction deadline; do it now to avoid tax notice laterIncome Tax Department said that March 31, 2026 is the deadline for TDS, TCS correction statements. This applies to FY 2018-19 Q4 to FY 2023...
- Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evaderTDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a ho...
- Budget 2024 expectations: 15 expectations of individual taxpayers this BudgetDifferent sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regardin...
- Ease TDS rules for buying house property from NRIs in Budget 2024The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a b...
- If I buy a third property in my wife’s name, but take loan in my name, can I claim interest paid on the loan in ITR?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- What are TDS rules on buying a house? How to deduct, deposit tax and download Form 16BWhen an individual buys a house, then apart from other formalites such as registering the sale deed, making payments etc., they are also re...
- The 1% tax that has India’s crypto industry predicting chaosCrypto-exchange executives, lawyers and tax analysts warn that the TDS will suck liquidity out of the market by forcing high-frequency trad...
- TDS on rent payment, property sale: Budget hikes penalty on delay in TDS certificate to Rs 500/dayA buyer of immovable property is required to deduct tax at the rate of 1% of the sale value and furnish the challan-cum-statement in Form N...
- Income tax changes of 2019: The impact they made on your personal financesThe changes help salaried people save more tax, while the uber rich took a big hit on the taxation front.
- 9 things that will change from September 1Cash withdrawals over Rs 1 crore a year from a bank account will attract a 2% TDS now.
- 7 changes in income tax laws that come into effect from Sept 1Here is the list of the seven main changes in tax laws that will come into effect from September 1.
- Budget 2019 amendment: Individuals must deduct TDS on payment of brokerage, commission tooIndividuals now have to deduct tax at source in multiple situations.
- Budget 2019: Individuals must deduct TDS on these 3 types of payments nowWhile the government's aim is to widen and deepen the tax base through these steps, it increases the financial accounting liability for ind...
- Budget 2019: Paying Rs 50 lakh plus to contractor, professional? You will have to deduct TDS nowIf the individual or HUF is carrying on business or profession which is not subjected to an audit, there is no obligation to deduct tax at ...
- Budget 2019 imposes TDS on parking charges, maintenance fees if buying houseCurrently, these charges were excluded while calculating the amount of tax to be deducted at the time of making payment for the property.
- Budget 2019: Income tax highlightsThe interim budget had a lot of good news for many taxpayers. So, here is a rundown of the most important tax changes announced in the Budg...
- Selling a house? Watch out for tax implicationsSelling a house means a large cash inflow. Here’s how to ensure that you don’t end up with a huge tax liability when you do so.
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