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Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
e. An ad valorem tax (Latin for "according to value") is a tax whose amount is based on the value of a transaction or of a property. It is typically imposed at the time of a transaction, as in the case of a sales tax or value-added tax (VAT). An ad valorem tax may also be imposed annually, as in the case of a real or personal property tax, or ...
The property owner may then contest the value. [13] Property values are generally subject to review by a board of review or similar body, before which a property owner may contest determinations. [14] After values are settled, property tax bills or notices are sent to property owners. [15] Payment times and terms vary widely.
Land contract. A land contract, (also known as contract for deed or agreement for deed ), is a contract between the buyer and seller of real property in which the seller provides the buyer financing in the purchase, and the buyer repays the resulting loan in installments. Under a land contract, the seller retains the legal title to the property ...
t. e. In property law, a concurrent estate or co-tenancy is any of various ways in which property is owned by more than one person at a time. If more than one person owns the same property, they are commonly referred to as co-owners. Legal terminology for co-owners of real estate is either co-tenants or joint tenants, with the latter phrase ...
September 11, 2024 at 10:30 AM. Two top officials at a Kentucky prison left their jobs earlier this year after investigators determined they were getting paid for hundreds of hours they weren’t ...
Davis broke free for a go-ahead, 37-yard touchdown run with 1:02 remaining and caught two second-half touchdowns, helping the Wildcats rally past No. 9 Louisville 38-31 on Saturday in the Governor ...
For sale by owner (FSBO) is the process of selling real estate without the representation of a broker or agent. This is where the homeowner sells directly to a new homeowner. Homeowners may still employ the services of marketing, online listing companies, but can also market their own property. Typically, they represent themselves with the help ...