The new form 26AS has come into effect from 1st June 2020 by insertion of new section285BB in the Finance Act, 2020. The new form 26AS provides the assesse with the personal details of mobile number, email id and date of birth. [...]
From June 1, 2017, all individuals who pay rent of more than Rs 50,000 per month will have to deduct tax at source at the rate of 5% as per an amendment to the Income Tax Act. You are responsible to deduct this tax in the last month of the [...]
Now, you will now have to deduct tax when you make the payment to the seller if the cost of the immovable property exceeds Rs 50 lakh. The CBDT has notified the new provision of tax deducted at source, or TDS, on immovable property The rate at which tax is to [...]