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Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs
The brief
- From October 1, resident individuals and HUFs buying property from non-residents can use their existing PAN for TDS compliance
- Simpler TDS compliance may ease transactions in India’s residential property market
- Foreign assets not disclosed in ITR? Income Tax Department gives taxpayers one-time disclosure window
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reason
- ₹85.30 lakh cash gifts from relatives: ITAT says donors’ low income alone isn’t enough to reject genuine gifts
- Can money collected for someone else be taxed as your income? ITAT ruling on ₹20.33 lakh cash deposits
- CA submitted your tax audit report? The process doesn't end there—here's what you still need to do by 30 September
TDS rules for property purchases from non-residents
The CBDT eased TDS compliance for residents buying property from non-residents, with changes taking effect from October 1, 2026. Buyers can deposit and report TDS under Section 393(2) of the Income-tax Act, 2025, through a PAN-based process.
Sunday, 27 September
- Buying property from an NRI gets easier from October 1: Check key rule changes for residents and HUFs