Payment

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The ISSUES the buyer may face to implement this TDS provisions – The rate of 1% may increase to 20% if seller does not provide PAN due to overriding provision of section 206AA of ITA.

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Obtaining TAN number for complying with the provisions; Issuance of TDS certificate to the seller; Filing of TDS return quarterly […]

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

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Tax Deduction at Source (TDS) on transfer of certain immovable properties (other than agricultural land) for value  Exceeding Rs.50 Lakh

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WATCH OUT- BEFORE PAYING THE ADVANCE TOWARDS THE PURCHASE OF PROPERTIES

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WATCH OUT!!! BUYING A PROPERTY? THE PROPERTY HAS BEEN SELECTED/CHOSEN!!!! NOW THE NEGOTIATION REGARDING THE PRICE BEGINS!!!!!!! BOTH BUYER AND

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FORFIETURE OF EARNEST MONEY DEPOSIT/SECURITY DEPOSIT/ADVANCE PAID FOR THE PURCHASE OF PROPERTY

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Advance/ Security Deposit/Earnest money is paid or given at the time when the contract is entered into and, as a

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SERVICE TAX

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SERVICE TAX SLABS AND PAYMENT DUE DATES 1   In case of Individuals or Proprietary Concerns and Partnership Firm, service tax is to be

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Pre closure/foreclosure charges for home loans – Government Directions –

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Government, in May 2010, advised Public Sector Banks, Indian Banks’ Association and National Housing Bank that no pre-payment charges may

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