Budget 2026: Buying property from an NRI? TDS rules will now get simpler

The move is aimed at easing compliance for resident buyers, who earlier had to apply for a TAN solely to deposit TDS when ...

Now request for nil or lower TDS deduction for property and other transactions via this new form as per Income Tax Act, 2025; See what’s changed

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on ...
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Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evader

The Income Tax Department has released a new brochure detailing Tax Deducted at Source (TDS) payment obligations for individual taxpayers, especially those arising on account of buying of property ...
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TDS vs stamp duty in property deals: Key differences homebuyers must keep in mind

TDS tracks seller’s taxable gains. Stamp duty secures legal ownership. Missing either leads to costly complications. When someone purchases property in India, they face two major obligations: TDS on ...

New tax rule: Form 128 to replace Form 13 for nil or lower TDS certificate under Income Tax Act 2025

The updated system introduces Form 128, which taxpayers can use to request a certificate allowing TDS to be deducted at a ...

Jointly-owned property: Is TDS applicable if total rent exceeds Rs 50,000?

The requirement to deduct the tax is qua each recipient of the rent and not qua the property. Since the rent payable to each of the owner of the property is below the threshold of Rs 50,000 the tenant ...
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Supreme Court Rejects Plea For Safeguards Against Inadvertent TDS Default By Buyers In Property Purchases Above Rs. 50 Lakh

The Supreme Court today dismissed a plea seeking directions to introduce safeguards so that property buyers do not ...