Father and son jointly sell ancestral land for Rs 13 crore; father gets tax notice; they file appeal in ITAT Pune and win case

A father and son sold ancestral land for Rs 13 crore, but the buyer's TDS error led to a tax notice for the father. The ITAT ...

Income Tax Tribunal Allows Full TDS Credit Relief To Father-Son Duo On Ancestral Property Sale

A TDS error by the buyer of an ancestral land jointly held by a father and son led to a notice from the I-T Department.

Home sales and the government shutdown: What buyers and sellers need to know

As the federal government shutdown drags on, Maryland Realtors warns of growing uncertainty in the housing market.
House Digest on MSN

Do You Have To Disclose Hurricane Damage When Selling & How Does It Impact Home Value?

Homeowners face flood damage and costly repairs from hurricanes. Get tips on disclosing hurricane damage when selling a home ...

Property deals: Mismatch in sale value, TDS, returns may invite scrutiny

Quoting false PAN can lead to a penalty of ~10,000 per default; wilful concealment can even result in imprisonment ...

What NRIs must know about property sale, rent, and tax filing when returning to India?

From capital gains to rental TDS and home loan deductions, returning NRIs need smart tax planning to optimise liabilities, ...
Tax Guru

ITAT Mumbai gives partial relief to Developer in JDA TDS dispute – Section 194IC held applicable even for leasehold land, but benefit of proviso to Sect 201(1) may still ...

Mumbai ITAT clarified that perpetual leasehold rights are equivalent to ownership for the purpose of a specified agreement" under Section 45(5A)/194-IC, requiring 10% TDS on JDA monetary ...