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ITAT Ruling Highlights TDS Obligations for Property Buyers
En développement
Law·2 g önceRésumé IA

ITAT Ruling Highlights TDS Obligations for Property Buyers

The Mumbai Income Tax Appellate Tribunal (ITAT) ruled that a property buyer is not liable for short TDS deduction if the seller regularizes their PAN. The case involved a Rs 1.9 crore flat purchase where the buyer deducted TDS on her share, but the tax department sought higher TDS due to an inoperative PAN. ITAT deleted the demand, citing CBDT circulars and the seller's tax compliance. Experts advise buyers to be aware of TDS obligations, especially for non-resident sellers or joint property purchases.

T
Times of India
Falling Sydney, Melbourne house prices concentrated at top end, easing first-home buyer fears
En développement
Real estate·2 g önceRésumé IA

Falling Sydney, Melbourne house prices concentrated at top end, easing first-home buyer fears

Fears of negative equity for first-time buyers in Sydney and Melbourne are easing as falling house prices are concentrated in the top end of the market. Data shows the cheapest properties have seen modest gains or slight declines, unlike the upper quartiles. Experts suggest low unemployment and low arrears rates mitigate mortgage payment risks, though negative equity can limit options for selling or refinancing.

G
Guardian World
China's AI Economy Lagging Behind US, Facing Chip Bottleneck
En développement
Business·2 g önceRésumé IA

China's AI Economy Lagging Behind US, Facing Chip Bottleneck

China's AI sector is not experiencing the same economic boost as the US, facing significant challenges including restricted access to crucial chips, according to Nomura's chief China economist Lu Ting. He highlighted the US's well-developed capital markets and greater ease in raising funds for AI companies, contrasting it with China's difficulties in acquiring necessary technology due to international restrictions.

S
SCMP Tech