tax deduction at source
Some of the new amendments made in the Finance Bill, 2013 to the Income-tax Law is expected to have a deep impact on real estate sector in the 2013-14 fiscal. The amendments relate to taxing the notional income in the real estate transactions as against the real income of the real estate developers as well [...] Continue Reading »
Confederation of Real Estate Developers Associations of India (CREDAI), which represents the organised real estate developers and builders across the country is seeking withdrawal of the budget proposal to impose 1 % tax deduction at source (TDS) on any property deal other than agriculture land completely. CREDAI recently forwarded a representation to the finance minister. According to [...] Continue Reading »
The white paper submitted by the government in the Parliament, has suggested the introduction of tax deduction at source (TDS) on sale-purchase of properties in India. The finance ministry has prepared the white paper and said that ‘One of the measures for deterring use of the real estate sector for generation and investment of black [...] Continue Reading »
The government of India is planning to check the generation of black money in the real estate sector in India. In order to do that the government again suggested to introduce the tax deduction at source (TDS) on sale-purchase of properties in India. In a Paper on black money prepared by the Finance Ministry, it [...] Continue Reading »
