TDS on purchase of property from NRI

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5 Points Posted on 14 August 2020
Whether TAN is required for an individual to deduct TDS on Purchase of Property from NRI?
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On 14 August 2020 at 19:40 Report
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This discussion clarifies whether a Tax Deduction and Collection Account Number (TAN) is necessary for individuals deducting Tax Deducted at Source (TDS) when purchasing property from a Non-Resident Indian (NRI). The consensus is that a TAN is indeed required for TDS deductions under Section 195, particularly when the property value exceeds ₹50 lakh.

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379 Points Posted on 15 August 2020

If value is below 50 lak not required but above this yes it is required

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On 15 August 2020 at 11:06
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157 Points Posted on 15 August 2020
Yes, tan is required for deducting tds u/s 195
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On 15 August 2020 at 14:44

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