Selling property in India comes with important tax obligations. One of these is TDS (Tax Deducted at Source), and here’s what you need to know:
🔹 1% TDS: Required on property sales exceeding ₹50 lakhs. 🔹 Buyer’s Responsibility: The buyer must deduct TDS and deposit it with the government within the specified timeline. 🔹 Deposit Timeline: The deducted TDS should be deposited within 30 days from the end of the month in which the deduction is made. 🔹 Non-compliance: Failure to comply can lead to penalties and interest.
At Taxtime Consultancy Group, we help make your property transactions smooth and compliant. Let our experts assist you in every step of the process.
📧 Email: info@taxtime.co.in 📱 Mobile/WhatsApp: +91-8660248378 Consult for queries: bo@taxtime.co.in Mobile/WhatsApp: +91-9867043352 🌐 Website: www.taxtime.co.in
Comentarios