E-PaperHouse Sale News
If seller is NRI, buyer needs to deduct TDS on taxable capital gain on sale of house
If the seller qualifies as resident in India during the relevant financial year, the buyer is required to deduct TDS at the rate of 1% on sale consideration if the sale consideration exceeds 50 lakh.
2 min read18 Dec 2018Onida House: Neighbours’ envy may no longer be owner’s pride
Divestments of non-core assets is on the cards for Mirc Electronics Ltd, which owns the Onida brand
2 min read3 Jul 2018No bar on claiming tax deduction for home loans of multiple houses
The difference between the net sale proceeds and the indexed cost of acquisition and improvement of the property is taxable as LTCG at the rate of 20.60%
2 min read16 May 2018Raymond shareholders reject sale of JK House to promoter Singhania family
Shareholders, however, approve reappointment of Gautam Singhania as CMD of Raymond despite IiAS recommendation against the proposal
1 min read6 Jun 2017Give proof for tax benefit on long-term gains on house sale
You need documents to substantiate the gains arising from the transfer of the house
2 min read15 May 2014What you should do to save tax on LTCG from house sale
Buy a new house or specified bonds
2 min read25 Oct 2012Asia stocks fall; yen slips as eyes on Japan
Asia stocks fall; yen slips as eyes on Japan
3 min read25 Aug 2010Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared