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 2018Divestments of non-core assets is on the cards for Mirc Electronics Ltd, which owns the Onida brand
2 min read3 Jul 2018The 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 2018Shareholders, however, approve reappointment of Gautam Singhania as CMD of Raymond despite IiAS recommendation against the proposal
1 min read6 Jun 2017You need documents to substantiate the gains arising from the transfer of the house
2 min read15 May 2014Buy a new house or specified bonds
2 min read25 Oct 2012Asia stocks fall; yen slips as eyes on Japan
3 min read25 Aug 2010The 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