Anyone buying an immovable property exceeding Rs 50 lakh in value will now have to deduct 1% TDS before making a payment to the seller.

Buying a new house will be less of an ordeal, provided the Real Estate (Regulation and Development) Bill 2013 becomes law.
A look at recent rulings in banking, insurance and investment sectors which can affect you -
If the central bank cuts interest rates in the coming years, gilt and income funds are likely to outperform other debt funds instruments.
A look at recent rulings in banking, insurance, commodities and capital market sectors which can affect you -
Expert speak on what is making news in the world of personal finance -
Inflation has fallen below 6% for the first time in three years. Clearly, this opens up more room for the Reserve Bank of India (RBI) to cut policy rates further.
A look at recent rulings which can affect you -
Though the instrument is aimed at preventing inflation from eating into the returns from investments, the protection may be partial.
Salaried employees contributing towards the employee provident fund (EPF) will earn a tad more on their mandatory savings.
If gold prices sustain at lower levels, consumption could grow at a faster pace. However, volatility in prices could limit investment demand in the near term.
On March 19, the Reserve Bank of India reduced the repo rate by 25 basis points (bps) to 7.5 per cent. The cash reserve ratio has been left unchanged at 4 per cent.