Letting of property attracts TDS provisions, with certain exceptions. Some of the commonly asked questions about TDS on rental income are summarized below. In case, readers have any other questions, please mention in the comment section. Limit of Rs.180000 – In case, any property – residential or commercial is …
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As you may be aware, the due date (May 15, 2015) for filing of TDS statements for Q4, Financial Year 2014-15 is approaching fast and therefore, CPC (TDS) is reaching out to you to ensure that best practices are followed in exercise of the above activity. Key information to note: CPC …
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There are three mains reasons why people keep deposits in co-operative banks. One, the bank is closer to their home and the staff there is more friendly compared to the staff in nationalized banks. Two, the bank offers higher rate of interest compared to nationalized banks. Three, the interest on …
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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 …
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Simplified Laws Guide to Taxation and Legal Concern