Fri, Oct 28, 2022
Income Tax appellate tribunal (ITAT) has observed that Government should seriously consider some mechanism to ensure that the tax liability on the capital gains is duly recovered from the borrower whose property is sold or from the person who receives the proceeds of the sale of such assets.
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Sat, Feb 02, 2019
Budget 2019 has increased the limit for tax deducted at source (TDS) on rent paid to them by non-individuals i.e corporates etc. Earlier non-individuals (e.g corporates etc) who rented out houses had to deduct TDS if rent paid was more than Rs 1, 80,000 per financial year.
Thu, Sep 27, 2018
If I sell a house in my name and invest the capital gain money in the same financial year in the following three types of property taken on loan by my son from bank - 1. The house/ flat in the name of my son 2. In the name of my son and wife 3. In the name of myself, my son and my wife.
Fri, Feb 16, 2018
While the hype around the Budget as always is very high and news channels and newspapers are flooded with debates and opinions, the only thing that matters to people is the impact the Budget has on personal finance.
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