Sector 109 is a developing residential and commercial locality in Gurgaon, Haryana, part of the National Capital Region (NCR) of India. Here are some key details about Sector 109: Location and Connectivity Proximity to Key Areas: It is situated along the Dwarka Expressway, providing easy access to Delhi and other parts of Gurgaon. Connectivity: The …
Sector 65 in Gurgaon is a well-planned residential and commercial sector that falls under the jurisdiction of the Haryana Urban Development Authority (HUDA). Here are some key features and aspects of Sector 65: Location: Sector 65 is strategically located near Golf Course Extension Road, which is one of the rapidly developing areas in Gurgaon. It …
TDS on rent payment is applicable under Section 194I of the Income Tax Act in India. Here are the key points regarding TDS on rent payment: Threshold Limit: TDS on rent payment is applicable if the total rent paid or payable during the financial year exceeds Rs. 2,40,000. Rate of TDS: The rate of TDS …
TDS stands for Tax Deducted at Source. It is a mechanism for collecting income tax in India, governed by the Income Tax Act, 1961. Under TDS, a certain percentage of tax is deducted by the payer at the time of making specified payments such as salary, commission, rent, interest, etc. The deducted amount is then …
When the seller of a property is a Non-Resident Indian (NRI), the buyer is required to deduct TDS (Tax Deducted at Source) at the time of making the payment for the property purchase. Here’s how TDS deduction works in the case of a property transaction involving an NRI seller: Applicability of TDS: TDS is applicable …
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