ITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sou...

The I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...

Manoj Soman had not filed an ITR for the relevant assessment year, which is FY 10-11 in this case. Based on information available through t...

With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...

New tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...

Property sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This for...

The Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to t...

TDS 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...

Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...

Homebuyers face complex tax compliance when purchasing property from NRI sellers, who require a TAN, e-TDS returns, and face restrictions o...

While purchasing property in India is an attractive proposition and a common investment option among the Indian diaspora, selling these ass...

TDS on the purchase of property from an NRI should be deducted from the sale value and the balance amount should be paid to the NRI seller.

As per income tax laws, an individual is required to deduct tax if the sale value of an immovable property exceeds Rs 50 lakh. The buyer of...

If there’s no or wrongly deducted TDS, the I-T dept takes action- interests, penalties and imprisonment, against the buyer and not the non-...

The buyer is required to deduct TDS @ 1% on the total consideration and deposit the same in the account of the income tax authorities.

As a relief to property buyers, the Income Tax department has extended the time period for depositing TDS on sale of property by 23 days.

Tightening screws on black money in the realty market, the government has proposed one per cent TDS on transfer of immovable property.