Income Tax 24 September 2026
TDS Rules Relaxed for NRI Property
The Central Board of Direct Taxes has amended the Income‑Tax Rules, 2026 to ease TDS requirements for non‑resident Indians buying property in India, allowing buyers to deposit tax at source through a streamlined process and reducing compliance hurdles for low‑risk transactions.
India's CBDT has revised the TDS framework for NRI property deals. Under the new rules, buyers can now deposit TDS directly via a simplified electronic portal, cutting down paperwork.
- TDS rate unchanged but collection method simplified.
- Applies to residential and commercial property purchases by NRIs.
- Aims to speed up transactions and attract foreign investment.
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