-
TDS on Purchase of Property from a Non-Resident
TDS on Purchase of Property from a Non-Resident Introduction When purchasing an immovable property (land or building) from a non-resident, the buyer is required to deduct Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act, 1961. The applicable TDS rate depends on whether the capital gain is short-term or long-term and
-
The Evolution and Impact of GST Law: A Historical Perspective
Introduction to GST Law The Goods and Services Tax (GST) law represents a significant shift in the tax framework of many economies around the world. Designed to consolidate various indirect taxes into a single, unified system, GST aims to streamline tax administration and enhance compliance. Before the advent of GST, businesses and consumers alike navigated
