Tag: House Property
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How to Pay TDS on sale of Immovable property
TDS is applicable on sale of immovable property as per Finance Bill of 2013. Where the sale consideration of property is equal or exceeds to Rs. 50,00,000. According to Sec 194 IA, the Income Tax Act, 1961 TDS is applicable from from June 1, 2013 for sale of property exceeding Rs 50 lacs. At the time of making payment […]
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How to File Income tax return and avoid common Mistakes
Income tax Return for Assessment year 2013-2014 has started. Before filing income tax return, following things documents need to be arranged: 1) Form 16 from your employer, in case of Income Tax Return of Salary. 2) Interest Certificate (Form 16A) from Banks and Other Financcial institutions 3) Form 16A in case of Income Tax Return of […]
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How to save income tax on sale of house property
Have you sold your house property? Are you worried Income tax has to be paid on Capital gains? Do you know that there is legal way and you will not be required to pay income tax on sale of house property? Read on and save income tax on Capital gain on sale of house property. […]