This blog post offers a clear comparison of four important TDS sections related to property and rental income in India: 194I, 194-IA, 194-IB, and 194-IC. It explains each section's nature of payment, payer, payee, threshold limits, TDS rates (including recent changes for 194-IB and 194I for FY 2025-26), time of deduction, required forms, and TAN requirements. The post also discusses the connections between these sections, compliance issues, and best practices for individuals, businesses, and developers to manage the TDS landscape effectively and avoid penalties.

This blog provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.

This blog provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.

This blog provides a simple guide to Income Tax Section 54, explaining how individuals and HUFs can save tax on long-term capital gains from selling a residential house by reinvesting in a new one. It covers the core conditions, timelines, and the use of the Capital Gains Account Scheme. The main focus is on the crucial update allowing exemption for investing in two houses (if capital gain is up to ₹2 Crore), emphasizing that this benefit can be used only once in a lifetime. The post highlights common pitfalls and advises on documentation and expert consultation.

This post explains Short-Term Capital Gains (STCG) tax in India for 2025 (FY 2024-25 & 2025-26). It defines capital assets, details holding periods for STCG classification (e.g., <=12 months for listed equity, <=24 months for property, <=36 months for others), explains STCG calculation, outlines tax rates (15% under Sec 111A for STT-paid equity/EOF vs. slab rates for other assets), and covers loss set-off/carry forward rules and ITR reporting.

This blog post details a significant ruling by the Income Tax Appellate Tribunal (ITAT) stating that new flats received by homeowners during redevelopment projects are not taxable as 'Income from Other Sources' under Section 56(2)(x) of the Income Tax Act. It explains the previous tax ambiguity, the details of the ITAT verdict, its positive implications for homeowners and urban renewal, and important considerations like potential capital gains tax.

Section 194-IA of the Income Tax Act requires TDS deduction for property transactions above ₹50 lakhs. This blog gives a detailed reference to TDS deductions, compliance requirements, and the penalties of noncompliance for Indian property buyers. Stay informed and avoid fines with our in-depth insights.

The Income Tax Act's Section 25A deals with the taxation of unrealized rent and rent arrears that property owners recoup. This clause permits a 30% reduction prior to taxation and makes it clear that arrears remain taxed even after the property is sold. To assist property owners in understanding their tax responsibilities, this blog offers a thorough explanation of Section 25A's application, as well as an analysis of its main clauses and useful examples.

The One-Time Settlement (OTS) program is designed to assist property taxaulters by enabling them to pay their overdue tax in installments. This detailed guide outlines the advantages, requirements, and application steps of the OTS program, assisting property owners understanding how to utilize this and evade legal repercussions.