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

AI Summary

Property Purchase: Registration Allowed After TDS Payment with Challan 281; File Form 27Q by Due Date. A buyer is deducting TDS at 22.88% on the purchase of a property from a non-resident Indian (NRI), amounting to 14,41,440 on a property valued at 63 lakhs. The buyer applied for a TAN and plans to pay the TDS using Challan 281, as required for NRI properties, before proceeding with registration. The query is whether registration can occur before filing Form 27Q, which is due post-December for Q3. It was clarified that registration can proceed after the TDS payment with Challan 281, and Form 27Q can be filed by its due date.