INCOME TAX ACT AMENDMENTS SEPTEMBER 1ST 2019 TDS ON PAYMENTS MADE IN ADDITION TO BASIC PRICE WHILE PURCHASING IMMOVABLE PROPERTY From September 1, while buying a property, you will have to include the payment made for other services or amenities such as club membership fee, car parking fee, electricity and water facility fee and so […]
Category: Income Tax
Permanent Account Number (PAN) is a ten-digit alphanumeric ID, issued to assessee by the Income Tax Department. Each assessee viz,. individual, firm, trust, company etc. is issued a unique PAN. It is one of the most important number after Aadhaar. It is also used as identity proof. All assesses, taxpayers or individuals who are required […]
Want to know how to update your photograph on your Aadhaar card, then follow the steps as it guides you through the process. It is an offline process but all steps are as important as for an online process.
Permanent Account Number or PAN card issued by the Income Tax (IT) departments is witnessing a total revamp and changes at lightning fast speed. Income Tax department had issued some new guidelines which one needs to keep in mind before applying for a new PAN or getting some corrections done to an existing PAN. The […]
Summary: -PAN of both parties needed i.e. buyer and the seller for making e-payment of TDS on purchase of property.-The TAN (Tax Deduction Account Number) is not required for payment of tax and issue of Form 16B. -TDS to be paid by purchaser and not seller. The real estate sector in National Capital Region (NCR) […]