Buying property from NRI - TDS Query

I am buying a property in India from an NRI. Let's say the property cost is 80,00,000. I am paying 800000 at the time of sale agreement and remaining 7200000 at the time of sale deed and registration. Do I need to pay TDS to the TAN account at the time of sale agreement also or it's applicable only during the registration and sale deed.

Looking forward to the responses.

Thanks in advance.

Replies (2)
Quick Summary
This discussion addresses Tax Deducted at Source (TDS) when purchasing property from a Non-Resident Indian (NRI). The user is inquiring whether TDS needs to be deducted at the time of the sale agreement payment or only during the final sale deed and registration. The response clarifies that TDS under Section 195 is applicable at the payment stage, requiring a TAN, and mentions potential Section 54 exemptions.

The transaction is covered by Section 195 . Payments to non resident requires TAN to deduct tax .

At the payment stage of 8Lacs , you must have TAN
Sec 54 exemption.

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