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) […]
Demonetization has led to a spurt in digit payments and with that, ever increasing cases of online frauds including but not limited to theft of card details, data breach, server hacking, fraudulent transfer of money, phishing, smishing, vishing, etc. To enhance the security of cards used for financial transactions, RBI has introduced a new concept […]
Honesty is expensive, do not expect it from cheap people – Warren Buffett One of the principles of World’s most successful investor Warren Buffett says that not everybody is honest, nor does everybody want to be honest. Honest advisers are difficult to find especially in Health and Wealth, be careful. We will be exploring some […]
The Income Tax Department has released a notification specifying some new rules for PAN (permanent account number) card applicants and for those without PAN. The new PAN card rules will become effective from 5th December 2018. The new notification specifies that financial entities which make transactions amounting to Rs. 2.5 lakh or more in a […]
What Warren Buffet says about basic investing, spending, savings are so true. Most of us know it, however too many of us do not live it. If it does make a change in your life, thank HIM (I mean God) because this is common sense. Warren Buffett said it once, I am just reproducing it. […]
