Real Estate

How To File TDS On Property In 2024? Real estate transactions involve various terms, and one crucial aspect is Tax Deducted at Source (TDS) on property sales. Here's a simplified guide to navigate through TDS on property transactions in 2024. 1. TDS Basics: In the real estate world, TDS is applicable when a property transaction exceeds Rs 50 lakh. The buyer is required to deduct 1% of the total transaction amount as TDS before making the payment to the seller. TDS is an indirect tax deducted at the source and is applicable to both ongoing and one-time incomes. 2. Filing TDS on Property: To file TDS on property, follow these steps: Enter your phone number and validate your PAN. Select "New Payment" and proceed with 26 QB (TDS on Property Sale). Complete the form with essential details like buyer's and seller's PAN, email addresses, property details, payment information, and tax details. Choose your preferred payment method (online banking, debit card, bank, NEFT/R

Top 6 Commercial Areas In Pune   Investing in commercial real estate in Pune demands thorough investigation and attention to key fundamentals. Among these, the location of a commercial property stands out as a critical factor for success. 1. Banner: Pune West's Gem Situated in Pune West, Banner has emerged as a sought-after commercial real estate destination. Its proximity to the Mumbai-Bengaluru Highway, easy connection to Aundh, Balewadi, Wakad, and Pune University Road make Banner an ideal choice. The neighborhood, home to IT professionals and near Hinjewadi IT Park, offers excellent returns on investment. 2. Kharadi: Pune East's Growth Hub Kharadi, in Pune East, is the fastest-growing area, conveniently close to Pune International Airport. Hosting big SEZs like EON IT Park and World Trade Center, Kharadi is a top choice for various businesses. With easy access to affluent neighborhoods and connectivity to upcoming metro projects, Kharadi is a commercial hotspot. 3. Wakad: