TDS scheme
The Central finance minister has announced the removal of one per cent tax deducted at source (TDS) on any transaction of immovable property in India. All the developer’s associations in India has welcomed the decision as it will reduce the tax burden from the buyers of properties in India. Earlier in Budget proposal, the finance [...] Continue Reading »
The government has planned to implement the TDS scheme for all transactions in real estate sector. In the new property transaction scheme, any person selling a property in excess of Rs 25 lakh had to seek the prior permission of the Government. The new concept of deducting tax at source will be effective from October [...] Continue Reading »
