Buyers of Indian property worth ₹50 lakh or more must deduct 1% TDS under Section 194-IA, depositing it with the government to avoid interest and penalties.
Hong Kong property transactions surged to a four-month high in April, while the value and volume of home sales hit their highest level in 24 months, according to the latest official data, underscoring the resilience of the city’s real estate sector amid uncertainties over interest rates and the US-Israel war on Iran. A total of 8,692 transactions across homes, offices, shops, car parking spots and industrial spaces were concluded last month, up 12.3 per cent from March’s 7,737 deals, according...
Hong Kong's tax revenue rose 22 per cent to HK$458.3 billion (US$58.5 billion) last year, driven by a buoyant stock market and increased property transactions. Stamp duty surged 61 per cent to HK$102.6 billion, profits tax rose 20 per cent to HK$212.6 billion, and salaries tax increased 10 per cent to HK$97.7 billion. The Commissioner of Inland Revenue attributed the growth to increased average daily turnover on Hong Kong Exchanges and Clearing and a strong pipeline of initial public offerings.
Hong Kong's tax revenue climbed 22% to HK$458.3 billion last year, fueled by a 61% jump in stamp duty from stock transactions and robust IPO activity, alongside growth in profits and salaries tax.
