Income Tax 25 September 2026
CBDT Introduces Simplified TDS Form for NRI Property Purchases
The Central Board of Direct Taxes (CBDT) has introduced Form 141 (Schedule E), effective October 1, to streamline TDS for Indian property purchases by non‑resident individuals. The new form replaces cumbersome earlier procedures, cutting paperwork and easing compliance for buyers and sellers.
New Form 141 (Schedule E) launches – effective 1 Oct 2026, the CBDT introduces a streamlined TDS filing form for property purchases by non‑residents.
- Replaces the earlier, cumbersome TDS procedures.
- Reduces documentation and speeds up compliance for both buyers and sellers.
- Designed to align with global tax reporting standards and curb tax evasion.
For full details, see the Business Today article.
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