BUYING A PROPERTY – CHECK FOR BENAMIS(Benami Properties)


The Benami Property Act and the recent Demonetisation has brought in a moolah of over Rs.600 crores and government has seized over 400 properties and expected to reach over few thousands by the year end. Planning to buy a property, apartments-sites-row houses-villas-re sale sites-re sale houses-lands-agricultural lands-industrial lands -  BEWARE- BENAMIS ON THE PROWL. Check … Continue reading BUYING A PROPERTY – CHECK FOR BENAMIS(Benami Properties)

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% … Continue reading TDS ON THE SALE OF IMMOVABLE PROPERTIES – DETAILS IN A NUTSHELL