Seminar on Capital Value Based Property Tax & TDS on Sale

By Accommodation Times News Service Mumbai Realty Club is conducting a seminar on Capital Value Based Property Tax & TDS on Sale. Friday 24th May, 2013, M.C.Ghia Hall, 4th Floor, Bhogilal Hargovindas Building, 18/20 K Dubash Marg, Kaala Ghoda, Mumbai 400001. 3.30pm to 6.00 pm Overview: A very detailed discussion on the topic and opportunity

CREDAI against proposal of 1% TDS on property deals

By Accommodation Times News Service Confederation of Real Estate Developer’s Associations (CREDAI) has shown withdrawal of the Budget Proposals to levy 1% tax deducted at source on any property deal other than agriculture land. Recently the realtor’s body has argued that implementation of this proposal will lead to more complexities and

Pay 1% TDS on 50L flat from June

By Accommodation Times News Service Tax Deducted at Source (TDS) shortly know is collection of income tax from the assesses which is governed under the Income Tax Act, 1961 by the Central Board for Direct Taxes (CBDT) and is part of revenue management. Lakhs of people who have booked under-construction apartments

1% TDS to curb black money in Real Estate Transactions

By Accommodation Times News Services By Dr Sanjay Chaturvedi Before announcing the 1% TDS on all transactions value above Rs.50 lakh, Finance Minister had said that " Transactions in immovable properties are usually undervalued and underreported. One-half of the transactions do not carry the PAN of the parties concerned. With

Rent reimbursement not liable for TDS : ATAT Delhi

By Accommodation Times Bureau The assessee is paying rent to the holding company as reimbursement since last many years. This position has been accepted by the department all through and it has been never disputed even when provisions for TDS were on statute since 1994. Section 194-I of the Income-tax Act,

Expert’s Reaction on TDS withdrawal from immovable property

By Accommodation Times Bureau TDS withdrawal is a welcome move and will generate positive sentiments Mr. Ravi Saund, COO, CHD Developers Ltd. As far as withdrawal of TDS on immovable property is concerned it is a welcome move and will generate positive sentiments. We are glad that the government rolled back the

1% TDS withdrawn on immovable property deals

By Accommodation Times Bureau On this Monday, the Finance Minister Pranab Mukherjee has announced the withdrawal of 1% TDS on immovable property deals. He said” The Finance Bill proposes that every transferee of immovable property (other than agricultural land), at the time of making payment for transfer of the property, shall

Proposal for TDS on Property Transactions withdrawn

By Accommodation Times Bureau On 7th May 2012, Union Finance Minister, Pranab Mukharjee withdrawn the proposal to deduct tax at source on property transactions. He said" The Finance Bill proposes that every transferee of immovable property (other than agricultural land), at the time of making payment for transfer of the property,

TDS on Immovable Property : Union Budget

By Accommodation Times Bureau By Dr Sanjay Chaturvedi Tax Deducted on Source will haunt the property transactions. Union Budget pranounced by Finance Minister today will have very bad effect on property transactions. The onus will be on seller. If he do not have PAN card, he will have to pay 20% from