Policy● Neutral for Indian equities
Are you building a house or commercial property? Know when TDS applies to contractor payments under Income Tax Act 2025
The brief
- TDS rules apply to certain contractor payments for construction, repair or renovation work
- The report cites an applicable TDS rate of 1%
- TDS obligations affect Indian property owners, builders and construction contractors
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends audit-report deadline to October 21 and ITR deadline to November 21
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs