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6 cases when TDS on Property is Not Applicable
As per this section, any person who purchases immovable property from an Indian resident is required to deduct TDS
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Section 206AB of the Income tax ACT
The purpose of this article is to provide an overview of Section 206AB of the Income Tax Act and its implications for taxpayers in India. The article will explain what Section 206AB is, who is subject to it, and how to comply with its provisions. It will also cover recent changes to the section, how…
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Thinking of buying property? Read this
According to the Income Tax Act, if you are buying immovable property other than agricultural land, and amount to be paid is more than Rs.50 lakh, then you have to deduct 1% TDS
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