TDS on NRI Property

[KUMAR Narasimhan]

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

[ARVIND JAIN]

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

[KUMAR Narasimhan]

Dear Aravind Jain Sir,

Thank you so much for the reply

AI Summary

TDS on NRI property: registration may proceed after payment shown by Challan 281, with Form 27Q filed later. Registration for a transfer of NRI-owned property may proceed once the TDS has been paid and evidenced by Challan 281; the corresponding Form 27Q return for the relevant quarter may be filed on its prescribed due date thereafter.