To facilitate business in Delhi and to prevent evasion of taxes, Delhi Government has decided to introduce a new online form – Delhi Sugam-2 (DS2) with effect from 15th September 2015.

The Finance Bill 2013 has proposed that purchaser of an immovable property (other than rural agricultural land) worth Rs 50 lakh or more is required to pay withholding tax at the rate of 1% from the consideration payable to a resident transferor