By removing the TAN requirement, Budget 2026 eliminates a key hurdle in NRI property sales. Buyers can now comply using only ...
The move is aimed at easing compliance for resident buyers, who earlier had to apply for a TAN solely to deposit TDS when purchasing property from non-resident Indians (NRIs).
FM Sitharaman also proposed a six-month disclosure window for small taxpayers—such as students, technology professionals and ...
TDS on sale of immovable property by a non resident is proposed to be deducted and deposited through resident buyers and his ...
Jewellery imports now follow weight-based limits instead of value caps, offering relief amid rising gold prices. Transfer of Residence limits are also increased with an updated list of modern ...
Budget 2026 brings major changes to personal income tax. Tax Collected at Source rates are reduced. Deadlines for filing ...
If the seller is a NRI, taxes are withheld at a higher rate, and the buyer is also required to obtain a TAN, deposit the tax deducted and file e-TDS returns.
The Union Budget 2026–27 has proposed a calibrated reset of TDS and TCS rates across key sectors. While levies on alcohol, ...
The Finance Bill, 2026 fixes an incorrect reference in section 393 on TDS for property sales. The correction ensures the ₹50 lakh threshold applies to the correct ...
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