The Department of Finance on Dec. 20, 2023, released the short-term rental draft legislation as part of a small package of taxation proposals. For those who need a reminder, short-term rental ...

As per current tax laws, if the aggregate value of all gifts received during a year exceeds Rs 50,000, the same is treated as ...

The NRI buyer would deduct ₹15 lakh (12.5% of ₹1.2 crore) as TDS. Vikram’s tax liability would be 12.5% of the gain ( ₹7.5 lakh), but the higher TDS could strain cash flow unless reinvested.