Tag: TDS

Revised TDS on luxury apartments from June

March 18, 2013 – 6:18 pm

Budget 2013 has proposed an increase in Tax deduction at source (TDS) rate by 1%. The revised TDS will be in force from June 2013. Slapping on the top earners, who demand for luxury housing units, Budget 2013 has proposed a revision of TDS by 1%. However the new revised TDS will be into force […]

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

March 17, 2012 – 6:15 pm

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 […]

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