According to Section 195 of the Income Tax Act, 1961, any individual residing in a property owned by a Non-Resident Indian (NRI), or any person/entity making rental or interest payments to an NRI or a foreign company, is mandatorily required to deduct TDS at the rate of 31.2% on the amount paid. The deducted TDS must be deposited with the government by the 7th day of the following calendar month. Example Mr. Vijay, an NRI, has let out his property to Ms. Sneha for a monthly r

In Bengaluru, we see many such advertisements and wonder what is the catch ? During the pre-launch (also known as off-plan) phase, builders offer the "lowest possible" price. Mostly the premium view units are gobbled up within first 1 week. After a while, the pre-launch price benefits are gone, and builders increase the prices by minimum 5%. The new customers lose out the price advantage. To make them feel that it is a "win-win" situation, builders often come up with subventi

Here's a clear summary of the recent TDS (Tax Deducted at Source) changes related to rental payments in India (as of April 2026): Here's a clear summary of the recent TDS (Tax Deducted at Source) changes related to rental payments in India (as of April 2026):1. TDS on Rent by Individuals / HUFs (Section 194-IB)This is the most common "rental rule" for tenants who are salaried individuals or small HUFs (not liable for tax audit). Threshold: Monthly rent > ₹50,000 (no change).