The tax department has implemented a streamlined compliance method that requires the filing of a single Form as a tax payment challan-cum-return using the buyer's Permanent Account Number (PAN). This eliminates the need for the buyer to get a Tax Deduction Account Number (TAN) and file a separate TDS return. When purchasing a property from an NRI seller, the TDS compliance obligations become more complex. In addition to this intricacy, the buyer is required to deduct tax at the applicable income tax slab rates before making payment to the NRI seller. As a result, we investigate how the government might simplify TDS laws for purchasing property from NRIs in India. https://www.geepost.com/finance/how-can-the-govt-simplify-tds-rules-for-buying-a-nri-house/
","author_name":"Amit Gupta"}