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NIGHTMARE FOR PROPERTY BUYERS!

FM thrusts onerous obligation of deducting TDS on all purchasers of immovable property over Rs.50 lakhs  The taxing proposal, which came to be announced by Pranab Mukherjee in his Budget proposals in February, 2012, but soon came to be rolled back, when he realized its harsh implications, has quite astonishingly been sneaked in once again by P. Chidambaram in the Finance Bill, 2013.  ILLOGICAL JUSTIFICATION...

Indian Properties in NRI Comfort Zone!

Liberal Regulations For Acquisition, Transfer & Repatriation For Immovable Properties Held By Non Residents Thousands of Non Resident Indians (NRIs) settled overseas fly frequently to India, the home of their hearts. Many of them yearn to have a land or house of their own in their native land, either for future settlement or even to share rental gains or just property appreciation. There are those who have come...

Ensure Smooth Passing Over of Your Immovable Properties

Keep A Joint Holder Or Make A Nomination And Direct A Clear Bequest Under Your Will! Several readers have raised a number of interesting queries with reference to the two articles on Will in this column during the last fortnight. Some issues of practical importance are responded to hereunder:  Overcoming Problems for Property in Single Name  Query: Many times an immovable property is purchased only in single name,...

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