Filing your ITR early for AY 2026–27? Why you should wait till June 15With the utilities for ITR filing for AY 2026–27 being available now, many taxpayers are planning to file their returns early. However, inc...
22 May, 2026, 04.22 PM IST
Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...
07 Apr, 2026, 02.31 PM IST
Property buyer deposited TDS in wrong year? How Form 71 can help sellers claim credit and rectify the error within 2 yearsProperty sellers can now fix TDS credit mistakes. If a buyer incorrectly deposited TDS, sellers can file Form 71 within two years. This for...
19 Mar, 2026, 12.55 PM IST
PAN-Aadhaar linking update: Relief from tax demand notice due to short TDS deduction for these taxpayersThe Income Tax Department is offering relief to taxpayers who received demand notices for short deduction or collection of TDS/TCS due to t...
22 Jul, 2025, 05.48 PM IST
I am an NRI and I have inherited property in India. Can I sell it from abroad and what will be the tax implications?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
22 May, 2025, 10.30 AM IST
Don’t forget to deduct TDS before buying property even if the seller is NRI as buyer will risk being labelled as tax evaderTDS on house property: The Income Tax Department said to follow Section 194 IA which relates to Tax Deducted at Source (TDS) on buying a ho...
02 Apr, 2025, 11.36 AM IST
NRIs selling property in India face a maze of income tax, TDS rules: Simplification urged in Budget 2025Non-resident property transactions in India face compliance challenges, including obtaining TAN, depositing TDS, and filing e-TDS returns. ...
31 Jan, 2025, 04.00 PM IST
Will Budget 2025 make the tax math easier when buying property from NRIs?Homebuyers face complex tax compliance when purchasing property from NRI sellers, who require a TAN, e-TDS returns, and face restrictions o...
03 Jan, 2025, 04.09 PM IST
Ease TDS rules for buying house property from NRIs in Budget 2024The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a b...
12 Jan, 2024, 10.40 AM IST
Factors that NRIs should take into account while selling property in IndiaWhile purchasing property in India is an attractive proposition and a common investment option among the Indian diaspora, selling these ass...
18 Aug, 2023, 01.49 PM IST
How much TDS should be deducted on property purchased from NRITDS on the purchase of property from an NRI should be deducted from the sale value and the balance amount should be paid to the NRI seller.
23 Aug, 2022, 04.54 PM IST
TDS on property sale to be levied on higher of stamp duty value or sale amount: Budget 2022As per income tax laws, an individual is required to deduct tax if the sale value of an immovable property exceeds Rs 50 lakh. The buyer of...
04 Feb, 2022, 06.14 PM IST
How to make payment of TDS on sale of propertyPAN of the buyer and the seller is mandatory to make e-payment of TDS on sale of property. However, the TAN (Tax Deduction Account Number) ...
11 Feb, 2019, 06.30 AM IST
Buying non-resident’s flat involves TDS risksIf there’s no or wrongly deducted TDS, the I-T dept takes action- interests, penalties and imprisonment, against the buyer and not the non-...
08 Aug, 2018, 02.45 PM IST
How to handle TDS on sale of propertyThe buyer is required to deduct TDS @ 1% on the total consideration and deposit the same in the account of the income tax authorities.
03 Apr, 2017, 06.30 AM IST
Time-frame for depositing TDS on sale of property extendedAs a relief to property buyers, the Income Tax department has extended the time period for depositing TDS on sale of property by 23 days.
04 May, 2016, 10.18 PM IST
Where TDS is applicable and how to avoid itCleartax.in lists the incomes and transactions on which TDS is applicable and how one can avoid it.
22 Feb, 2016, 08.51 AM IST