Kerala Government withdraws Flood Cess

Vide Press Release No. 57 dated 23.07.2021 the Government of Kerala has announced that Kerala Flood Cess (KFC) would no longer be required to be collected w.e.f 01st August 2021.

Capital Gain Tax on Compulsory Acquisition

Problem Our client had a plot of land (non-agricultural) situated near a busy junction (Sreekaryam) in Thiruvananthapuram. Kerala State Government decided to construct an overbridge at the junction mentioned above to reduce traffic congestion. The government was compulsorily acquired the abovementioned plot of land for this purpose, and our client was awarded a package sum […]

TDS on sale of Property by NRI

Non-residents who are selling immovable property which is situated in India have to pay tax on the Capital Gains. The tax that is payable on the gains depends on whether it is a short term or a long term capital gains.