Income Tax

When there is a purchase of immovable property, the buyer needs to deduct tax (TDS) from the Sale value, pay the balance amount to the Seller and pay the TDS amount to the Government. As per Indian Income Tax Act, where a resident purchases any property from a Non Resident, he has to deduct tax […]

Living in the current unprecedented times amidst the Covid pandemic, there is growing acceptance for owning a home that brings in more financial and emotional security. Moreover, with stability in property prices, interest rates being 15 year low and many projects available in the market, investing in your own home has become an attractive investment option.

Forgot to verify your return for past years? Do not worry, CBDT has provided one- time relaxation to the taxpayers who have filed their returns electronically for Assessment Years 2015-16 to 2019-20 but missed out verification. The verification can now be done by 30th September 2020 for the specified years. ITR filed electronically without digital signature is