Tag Archives: Sale of Property

I come across queries about tax payable on sale of a flat or a house. Generally, people have a good understanding about capital gain taxes. However, when it comes to the actual transaction, they seek professional help. Broadly, the scope of capital gain tax is covered in this article. Hope …

Stamp duty and registration fee is one of the revenue generating machines of state governments! One has to pay fee for registering any document, be it marriage, company, property or birth or death! Most of us are not aware about the quantum of money to be paid towards registration. This …

  Post sale of the property, the seller will have to take certain precautions to save on capital gain tax. Some of them are discussed in this article.    Deposit the sale consideration in SB Account: After the sale takes place, the seller can deposit the demand draft/cash/cheque in his …

  I have posted several articles about property matters. This article is about practical issues faced by buyers/sellers. I have compiled seven issues here. Hope this helps.   Sale Value Vs Guidance Value – Normally, the sale value is more than the guidance value notified by the Government! If the …

  We have written two articles about buying property in the open market [1. Buying property from NRI and consequence of Non Deduction of Tax 2. 7 things you must know about Income Tax before buying property from Non Resident Indian (NRI)]   One of the recent issues of sale …

  The common factor is ‘sale of property’ and the difference is the status of the seller – Resident or Non-Resident. The rules for Tax Deduction at Source (TDS) on sale of property are different for non-residents. This article is about such differences.   Sale of property by Resident Indians …

Section 194 IA: Payment on transfer of certain Immovable Property other than Agricultural Land (with effect from 01.06.2013) Vide BUDGET 2013, read with Notification No.39/2013 dated 31st May, 2013, a new Section 194-IA was inserted to Income Tax Act, 1961 in the case of transfer of immovable property (situated in India or abroad/commercial or …