Tag: Application of TDS

Union Budget 2012-13: It will cost more to Buy or Build a House.

As per the budget proposal, the threshold will be over Rs 50 lakh an urban areas and Rs 20 lakh elsewhere. Also the TDS at the rate of 1 per cent on transfer of immovable property (other than agricultural land) above a specified threshold will also add to the cost of buying a house. Cement […]