property transactions

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    Seeking Safeguards: TDS Compliance and First-Time Homebuyers

    New Delhi, February 11 The Supreme Court on Wednesday dismissed a petition alleging the absence of a mechanism to inform people about their obligation regarding tax deducted at source (TDS) when purchasing property valued at more than Rs 50 lakh.A bench of Justices Vikram Nath and Sandeep...
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    Draft Income Tax Rules: Key Changes for Cash Transactions and Reporting

    New Delhi, February 9 Draft Income Tax Rules have proposed significantly increasing transaction limits for quoting PAN for cash deposits/withdrawals in banks, purchase of motor vehicles and property, and payment of hotel bills.The draft also proposes increasing the value of perquisites...
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