Form 26QB or TAN number

This discussion clarifies the tax implications when purchasing immovable property from a Non-Resident Indian (NRI). It addresses crucial questions regarding TDS deduction rates, the applicable section of the Income Tax Act, and the necessity of obtaining a TAN number versus furnishing Form 26QB. The advice provided confirms that a TAN is generally required, and TDS is paid separately, with filing done via Form 27Q, not Form 26QB for the buyer.