Buyers must deduct TDS under Section 195 on amounts paid to NRI sellers, deposit by the 7th of the following month, and not rely on the seller’s capital gains ...
Buyers of property from Non-Residents must deduct TDS under Section 195, with rates up to 30% for STCG and 20% for LTCG, emphasizing the importance of compliance to avoid ...
Banks, companies, employers, and other institutions deduct TDS at the rates prescribed under the Income Tax Act, 1961, even if the total tax liability of the taxpayer is not that high. If excessive ...
Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. TDS means tax deducted at source—which ...
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Income tax rule: Do you need to deduct TDS if monthly rent exceeds ₹50,000? Here's the clear answer
The Indian Income Tax Act lays down specific rules for deducting TDS (Tax Deducted at Source) on rent payments, especially when rent crosses a certain limit. Many landlords and tenants remain confused ...
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