Your Trusted Guide To Property And Legal Compliance

When you buy property in India from an NRI, the TDS rules are different from a purchase from a resident seller. The buyer generally has to deduct tax under Section 195 of the Income-tax Act, 1961, where the payment is chargeable to tax in India. The applicable rate depends on the nature of the NRI seller's capital gain and other tax provisions. The Income Tax Department currently lists 12.5% for specified long-term capital gains on transfers from 23 July 2024 and 30% for short-term capital gains where the NRI is an individual or firm, before applicable surcharge and cess.

September 19, 2026Read more

Khata transfer is the process of updating a property's municipal record when the person responsible for the property changes. In Bengaluru, the record is maintained through the local municipal property-tax system. It commonly applies after a registered sale, gift, inheritance, partition or other recognised transfer. Khata transfer is also known as Khata mutation, and in Kannada, it is called ಖಾತಾ ವರ್ಗಾವಣೆ.

September 18, 2026Read more

A Vamshavruksha certificate is a family-tree document that records the relationship between members of a family. In Karnataka, it is also referred to as a Family Tree Certificate or Vamsha Vriksha Pramana Patra. It is mainly used to establish family relationships for matters such as inheritance, property records, succession-related claims and certain government or administrative requirements. The Karnataka Revenue Department's family-tree attestation is also used in property succession records maintained by BBMP.

September 18, 2026Read more

If you own an apartment, you own more than the space inside your flat. You also have an undivided share of land (UDS) connected to the apartment. UDS means your proportionate interest in the land and applicable common areas of the apartment property. It is not a separately marked piece of land. Under the Karnataka Apartment Ownership Act, 1972, an apartment and its undivided interest in the common areas and facilities are treated as transferable immovable property.

September 17, 2026Read more

TDS on property purchase is the tax a buyer deducts from the amount payable to a seller when the property transaction falls under the applicable TDS rules. For a qualifying purchase of immovable property, the buyer deducts TDS and deposits it with the Central Government. From 1 April 2026, the applicable process for these transactions is covered under the Income-tax Act, 2025 and reported through Form 141, Schedule B.

September 17, 2026Read more

If you sell a house, flat, plot, or land for a profit, the profit may be taxable as a capital gain. For land or buildings, the property is generally treated as a long-term capital asset when it has been held for more than 24 months. For applicable long-term transfers, the current tax rate is 12.5% without indexation, with a special calculation available to eligible resident individuals and HUFs for certain properties acquired before 23 July 2024.

September 16, 2026Read more