TDS ON THE SALE OF IMMOVABLE PROPERTIES – DETAILS IN A NUTSHELL


Tax Deduction at Source (TDS) on transfer of certain immovable properties (other than agricultural land) for value  Exceeding Rs.50 Lakh effective from 01-06-2013 The Finance Act 2013 had provided that purchaser of an immovable property (other than agricultural land) worth over Rs 50 lakh is required to pay withholding tax at the rate of 1%… Read More

MORTGAGE-ITS MEANING AND DIFFERENT KINDS OF MORTGAGES


Mortgage refers to the security of something given as a guarantee of repayment. Mortgage: Mortgage refers to “the transfer of interest in specific immovable property for the purpose of securing the payment of money advanced by way of loan”. It must be borne in mind that only immovable property can be mortgaged. Lands, buildings, installed… Read More