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TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI

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This query is : Resolved

P.Madhivadhanan (Querist)

15 June 2026 A NRI couple proposed to sale their property in india ( Both of them have equal share in such property) for Rs.6500000, to an indian couple resudent in india, the registration going to happen on 20-6-2026. The buyer wants to know the tds procedure i.e., in which TDS Challan amount to be paid whether in challan no 281 or ITNS 281N. in which TDS Return 27Q or 144 (Code 1057) is to be uploaded, applicable section 195 or 393(2) and Tds certificate in Form 16A or in Form 131 to be given. The above question arises because certail provisions applicable from 1/10/2026 on wards only. Guide me the procedure to be followed by buyer of property

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

16 June 2026 For an NRI property sale, the buyer must use TAN (not personal PAN), deduct tax under Section 195 (not 194-IA), deposit the amount using Challan ITNS 281 by the 7th of the following month, and file a quarterly Form 27Q return to generate the Form 16A certificate for the sellers.

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