Positive impactCompany
TDS norms eased for buying NRI property
Economic Times 1 hr ago·23 Sept 2026, 6:43 pm
The Central Board of Direct Taxes has introduced a new method for paying tax deducted at source (TDS) on property purchases by non-resident Indians (NRIs). Under the updated rules, buyers can now deposit TDS and file the necessary statement using a single PAN-based challan-cum-statement in Form 141. This change is designed to streamline the process, making it easier to comply with tax regulations for property transactions.
This move is significant for the broader market as it simplifies the compliance burden for a specific segment of investors. By making the process more straightforward, the government aims to encourage more cross-border real estate transactions, which could have a positive impact on the sector's liquidity and activity levels.
Investors should monitor how this new filing mechanism is implemented in practice. While the rules are set to take effect from October 1, 2026, the efficiency of the new system will determine its long-term success in reducing administrative hassles for buyers and sellers alike.
Excerpt from Economic Times
The CBDT has amended Income-tax Rules, 2026, allowing buyers to deposit and report TDS under Section 393(2) of the Income-tax Act, 2025 through a PAN-based challan-cum-statement in Form 141. The changes will take effect from October 1, 2026. The move, which follows the Budget 2026 announcement, is aimed at simplifying…Read the original at Economic Times
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