13 August 2026
I am the buyer of an immovable property in India, and the seller is an NRI.
Please clarify under the new Income-tax Act, 2025:
Which section is applicable for TDS deduction? What is the applicable TDS rate, including surcharge and cess, if any? What is the relevant TDS code/section code for depositing TDS? Is TDS applicable on the entire sale consideration or capital gain? What are the applicable forms and compliance requirements for the buyer?
Please provide the applicable provisions for FY 2026-27.