We are only conducting Seminars to make Professional Traders. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Proposed 1% Tax Deduction at Source (TDS) on Transfer of Immovable Property Rolled Back by Govt

Property buyers and sellers can cheer as Indian government has rolled back the proposed one percent tax deduction at source (TDS) on transfer of immovable property. It is a good move as putting the onus on property buyer to deduct 1% TDS from seller was oing to be a cumbersome task on implementation front as this amount was likely to be passed on the buyer by the builders.

The original proposal made by Finance Minister Pranab Mukherjee was that every transferee of immovable property (other than agricultural land), at the time of making payment for transfer of the property, shall deduct tax at the rate of 1 percent of such sum.

Thank God good sense has prevailed on Pranab Da and we definitely see a budding future President in him unless Congress resists his leaving the party as he can be a consensus President candidate.

Bookmark our website for best property tips and make money like professioals with our sure tip of the day.

Most Visited Stocks - Click to Visit Link

We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9