1 week ago
Property Purchases From NRIs Face Separate TDS Filing
People buying property from an NRI may need to follow updated TDS reporting rules.
TDS is tax-related information that must be reported during certain payments.
If several people are deductors, each person must submit a separate form.
These changes concern reporting and paperwork.
They do not add a new requirement to register the property.
The existing TDS rates are not changing.
Reporting rules for remittances to non-residents through Forms 145 and 146 are also unchanged.
Buyers should therefore pay attention to which forms they must file.
Joint buyers will each have to submit a separate TDS form when there is more than one deductor.
The changes affect TDS reporting and documentation for property transactions involving NRIs.
The changes do not create a new property registration requirement.
Existing TDS rates for remittances to non-residents remain unchanged.
Reporting requirements through Forms 145 and 146 also remain unchanged.
- Who
- Joint buyers and other deductors involved in property purchases from NRIs.
- What
- TDS reporting and documentation requirements are changing, with separate forms required for each deductor when there is more than one.
- Where
- When
- Why
- To reflect changes concerning TDS reporting and documentation; the articles do not state a further reason.
Key facts
- Affected transactions
- Property purchases from NRIs
- Multiple deductors
- Each deductor must submit a separate form
- Area of change
- TDS reporting and documentation
- Property registration
- No new property registration requirement is introduced
- TDS rates
- Existing rates remain unchanged
- Forms 145 and 146
- Existing reporting requirements for remittances to non-residents remain unchanged
Sources
Related news
Property Purchases From NRIs Get Simpler TDS Compliance
India Notifies New TDS Rules for Non-Resident Property Transfers
Buying Property From NRIs Gets Simpler Without TAN Requirement
CBDT Expands Form 141 for Non-Resident Property TDS Compliance
Form 141 Consolidates TDS Reporting Under Income Tax Act 2025
