Buying property in Australia? Here are income tax compliance you should know before you purchase
Section 194IA requires a buyer to deduct 1% tax if buying property from a resident exceeding ₹50 lakh. Section 195 applies if the seller is a non-resident. Different tax rates apply based on long-term or short-term capital gains. TAN is required for non-resident transactions but not for residents
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
