residential property

Do I have to deduct tax for paying rent to a non-resident landlord?

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Do I have to deduct tax for paying rent to a non-resident landlord?

I live in a rented flat in Noida, U.P., paying a rent of less than two lakh per annum (INR). The flat owner is an NRI residing in Dubai, UAE. Please advise whether I, as a tenant, must deduct tax before paying rent every month to the NRI landlord. If yes, how much deduction is … Read more

Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

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Furniture and fixtures can save you capital-gains tax and stamp duty. But only if you do it right.

For the buyer, this meant stamp duty savings on the ₹16 lakh portion. It seemed like a win-win until the NRI tried transferring the sale amount to his US bank account. When an NRI wants to remit money abroad, they must obtain certificate 15CB from a chartered accountant (CA) to prove the source of funds; … Read more

Buying property in Australia? Here are income tax compliance you should know before you purchase

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Buying property in Australia? Here are income tax compliance you should know before you purchase

I am planning to buy a residential property from a person who is a resident of Australia for ₹75 lakh. I understand that since the sale consideration exceeds 50 lakhs I have to deduct tax at 1% of the sale consideration. Is my understanding correct? What are the other formalities that I need to comply … Read more