Category: real estate

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How to deduct TDS for a property payment

TDS – Tax Deducted at Source After the purchaser transfers the money to the seller, the purchaser must file for TDS on the agreed amount. eg: If an agreement of sale of an immovable property is for INR 1,00,000 (One lakh Rupees), then a TDS of 1% must be filed by the buyer. Steps involved […]

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Drafting a Property Sale Agreement for NRIs

After the buyer and seller mutually agree on the purchase price, a formal Agreement of Sale must be prepared. To be legally valid and admissible in an Indian court, this contract is printed on Non-Judicial Stamp Paper. The value of the required stamp paper (known as stamp duty) is a percentage of the property’s value, which is mandated by […]

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