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Policy● Neutral for Indian equities
Buying property from an NRI is easier, but don’t make this 12.5% TDS mistake
The brief
- Buyers purchasing property from an NRI remain responsible for TDS, which is higher than for resident sellers
- An administrative step has been removed, but this does not reduce the buyer’s TDS responsibility
- NRI property buyers face higher tax-compliance costs; limited implications for Indian real estate
- Income tax audit and ITR filing deadlines extended by 21 days
- CBDT extends audit-report deadline to October 21 and ITR deadline to November 21
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
- Tax audit deadline for AY 2026-27 is September 30, 2026
- PAN-based TDS reporting eases compliance for NRI property purchases from October 1