Income Tax

TDS on purchase of property

Leave a Comment / Income Tax / By argarodia

Any person purchasing an immovable property (other than an agricultural land) of Rs. 50 lacs or more is required to deduct TDS @1% from payment made to the seller. (Section 194IA* of the Income Tax Act). No deduction of tax is required under this Act, where the consideration for transfer of the property is less …

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INCOME TAX SLABS FOR FINANCIAL YEAR 2023-24 (ASSESSMENT YEAR 2024-25) – NEW AND OLD TAX REGIME

Leave a Comment / Blog, Income Tax / By argarodia

Income tax slabs refer to the different tax rates imposed on various income brackets by the government. Here we discuss with you the tax rates applicable for the financial year 2023-24 (Assessment year 2024-25) under the new and old tax regimes. While the Government has introduced new tax slabs for the new tax regime in …

INCOME TAX SLABS FOR FINANCIAL YEAR 2023-24 (ASSESSMENT YEAR 2024-25) – NEW AND OLD TAX REGIME Read More »