Repurchase of unit by UTI or Mutual Fund 20% 194F Commission on sale of lottery tickets 5% 194G Commission or brokerage 5% 194H Rent on plant and machinery 2% 194-I(a) Rent on land/building/furniture/fitting 10% 194-I(b) Sale of immovable property (other than agricultural land) 1% 19...
The NRI is also allowed deduction for principal repayment under section 80C. Stamp duty and registration charges paid on purchase of a property can also be claimed under section 80C. A tenant who pays rent to an NRI owner must remember to deduct TDS at 30%. The income can be received to...
Transfer of immovable property Payment of rent Compensation on acquiring immovable property Winning from games. It includes crossword puzzles, lottery, cards, etc. What is the TDS Certificate? The people in charge of deducting tax at source provide TDS certificates. Further, the certificates must be...
NRI Property Sale, Capital Gain Tax Planning, Lower TDS Certificate, 15CA 15CB, CA Services Lots of Indians/Indian Origins are residing abroad, thereby taken the status as NRIs/PIOs. These NRIs/PIOs either hold immovable property in India or they inherit the same from their parents/grandp...
21 Payment made on account of transfer of immovable property other than agriculture land. 194IA 50,00,000.00 1% 1% 20% 22 Rent payable by individual not covered u/s. 194I for land, building, furniture and fittings 194IB 50,000.00 Per Month 5% 5% 20% 23 Payment of Professional Fees othe...