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TDS on NRI Property, Income Tax

Issue Id: - 117563
Dated: 12-10-2021
By:- KUMAR Narasimhan
TDS on NRI Property

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Dear Sir,

Buyer is deducting TDS @ 22.88% on purchase of an NRI property. The property value is ₹ 63 Lakhs and he is deducting TDS amount RS 14,41,440/-

He has applied for TAN on 11th October 2021, Once the TAN number received he will pay the TDS amount through 281 Challan (Because as this an NRI property TDS to be paid only on 281 Challan) then he plan for a Registration.

My Question:

We have to file a FORM 27Q returns after making the TDS payment for the respective quarter, it means the Q3 will be available for FORM 27Q post December only, means the registration to be done after filing the Form 27 Q or we can do the registration by showing the 281 Challan? Please clarify

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1 Dated: 13-10-2021

You can go for registration post-payment in challan 281, Form 27Q filing can be done on the prescribed due date.

2 Dated: 13-10-2021
By:- KUMAR Narasimhan

Dear Aravind Jain Sir,

Thank you so much for the reply


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