TDS norms eased for buying NRI property
MeridStreet AI summaryThe Central Board of Direct Taxes (CBDT) has relaxed rules for Non-Resident Indians (NRIs) buying property in India, making it easier for them to comply with tax requirements. This change allows NRIs to deposit and report tax deducted at source (TDS) through a simplified online process. The new rules are expected to simplify compliance for property buyers, particularly those involved in one-off transactions, and will come into effect from October 1, 2026.
Read the source report: Economic Times →
Why it matters
The amended Income-tax Rules may simplify the process of buying NRI property. However, the impact on the market is likely to be limited.
Market impact
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