00:00If you are a NRI and you are planning your property to buy your property, then 1 October 2026 is
00:06going to be easy to buy property sales.
00:10The biggest mistake is for the purchase.
00:12But you will also have a NRI seller.
00:17If you want to buy your property to buy your property and you are a NRI or a non-resident
00:24Indian,
00:24then you should see this video until the end, because there is a very important information.
00:31If you want to buy a resident individual or a Huf or a Hindu undivided family from your property,
00:41then you will not need to buy TAN, tax, deduction and collection account number.
00:49Now, the buyer can complete TDS compliance.
00:55But for NRI seller, first of all, you have to understand that TAN is not going to buy TDS.
01:03So, if you are a NRI seller and you want to buy a resident individual from your property to a
01:07resident individual,
01:09or a person who lives in Thailand,
01:12or a Hindu undivided family, or a Huf,
01:16then the property is going to be applicable to a TDS requirement.
01:20The buyer will have to deduct the applicable tax.
01:24The buyer will have to pay the tax to the government,
01:26and the transaction reporting will also be.
01:28So, what do you need to do in October 1?
01:31This is a big question.
01:33What is NRI is going to be changing?
01:35What is the need for NRI?
01:37If they are selling their property in Thailand,
01:40or selling their property or selling their property,
01:41then let us know in a simple language,
01:43please trust that you have a NRI.
01:45And in Delhi, Mumbai, NOIDA,
01:47or any other country in your property,
01:49Now, this property is going to buy a property in Thailand,
01:51or any other person.
01:54Now, 1 October 2026,
01:56the buyer will not have to take TDS compliance to this TDS compliance.
02:00Therefore, the buyer will use his PAN,
02:03and the revised form 141,
02:06the transaction report.
02:08In this form, there will be a new schedule E.
02:10Now, in this schedule E,
02:12there will be many details of your NRI seller.
02:15Therefore,
02:16the buyer will be available to you,
02:19and the buyer will be available to you.
02:22In this form, this will be your responsibility.
02:25In this form,
02:26there will be a NRI seller's PAN,
02:28if it is available,
02:29then contact number,
02:30email ID,
02:31and overseas address,
02:32and details.
02:34Therefore,
02:35you need to have these documents.
02:37Besides,
02:38the property transactions,
02:39which will also be reported,
02:41such as the address,
02:43type,
02:44agreement date,
02:45registration date,
02:46stamp duty,
02:47value,
02:47and total sale consideration.
02:49If you have to take the buyer's payment
02:51with the installments,
02:54then you will also report the installments,
02:55which will also be the first installment,
02:59or subsequent installment,
03:00or final installment.
03:02In this form,
03:03compliance can also be possible.
03:05Now,
03:05the important question is,
03:07what will you get the money?
03:09Look,
03:10the property,
03:10which will be applicable to you,
03:12will be deducted.
03:13In this form,
03:14the amount received,
03:15which you will receive,
03:15which you will receive,
03:16which you will receive,
03:16which you will receive,
03:17which you will receive.
03:20This tax,
03:21the buyer will have to have a tax.
03:23Then,
03:24the buyer will be prescribed TDS certificate,
03:26or form 132,
03:27will be issued.
03:28This certificate will be necessary for you,
03:31because this transaction will be deducted.
03:34It will be TDS record.
03:35Now,
03:36there is a situation,
03:37which is more important,
03:38which is also necessary.
03:40If you don't have a plan,
03:42then,
03:42what do you need to do?
03:43Because,
03:44if you don't have a plan,
03:49if you don't have a plan,
03:50then,
03:51if you don't have a plan,
03:51then,
03:51if you don't have a plan,
03:53then,
03:53in the revised mechanism,
03:54there will be additional foreign tax details.
03:57In this case,
03:58the tax residency certificate,
04:00the TRC details,
04:01and the foreign tax identification number,
04:03or TIN,
04:05can be included.
04:06Also,
04:07overseas address,
04:08or specified foreign contact details,
04:10required.
04:11So,
04:12if you are in NRI,
04:13and have a property,
04:14then,
04:15before the sale transaction,
04:16your PAN,
04:17and other tax documents,
04:19check the availability of your PAN,
04:20check the availability of your PAN,
04:21because,
04:22if there is not required information,
04:23then,
04:24TDS can become a higher rate,
04:25and,
04:26in this case,
04:26it can become a higher rate,
04:27in this case.
04:27This means,
04:28that,
04:29the buyer,
04:29can be more tax deducted,
04:32so,
04:32the seller,
04:32not enough to keep the property documents,
04:34to keep the property documents,
04:35and the information,
04:37will be ready.
04:39Now,
04:39one more practical point,
04:40if you have property,
04:41one of the buyers,
04:43one of the buyers,
04:44one of the buyers,
04:44one of the buyers,
04:45then,
04:45every buyer,
04:46will be filing your property,
04:49to keep the sale,
04:51documentation,
04:52and tax compliance,
04:52to keep clarity,
04:54is very necessary.
04:55Now,
04:55the question is,
04:56is,
04:56what is this change for NRI,
04:57is the biggest change?
04:59The biggest change is,
05:00that,
05:01the buyer,
05:01compliance process,
05:02is easy,
05:03before,
05:04the resident individual,
05:05or,
05:06the HUF buyer,
05:07to buy NRI,
05:07to buy TDS compliance,
05:09is the TAN,
05:10and,
05:11in October,
05:12the buyer PAN,
05:13the Revise Form 141,
05:15will be able to report,
05:17and,
05:17the buyer,
05:18and,
05:19the procedural steps,
05:20and,
05:21the seller,
05:21the indirect benefits,
05:22and,
05:23could see,
05:23because,
05:24the transaction,
05:24the TDS compliance process,
05:26will be,
05:26quite streamlined,
05:28but,
05:29the NRI seller,
05:30will be clear,
05:31is not the case,
05:34the buyer,
05:35for sale transactions,
05:39and,
05:39the tax implications,
05:42will be able to understand,
05:42If you are going to buy property in NRI, what should you do in October 1?
05:49First, check your PAN.
05:51Second, check your overseas address, mobile number and email ID buyer.
05:56Third, if there is PAN, keep TRC and foreign TIN as required tax details.
06:02Fourth, keep the property agreement, registration and sale consideration.
06:06Third, keep the information correct.
06:08Fourth, after TDS deduct from the buyer, form 132,
06:12i.e. Prescribed TDS Certificate, and keep it in records.
06:16In October 1 October 2026, NRI's property sale,
06:20TDS is not going to be closed.
06:21In addition, it is a compliance mechanism.
06:24Resident individual and HUF buyer,
06:27it will not be necessary for this transaction,
06:30and the PAN, Revise Form 141 and Schedule E.
06:33the transaction report.
06:35This means to be the NRI seller,
06:36that the buyer will be deducted by TDS and reporting,
06:40but in the process of TAN,
06:42a procedural step will be removed.
06:44For you, the most important thing,
06:46your PAN, TRC, TIN, and contract details,
06:48or tax information will be prepared,
06:50so that in the property sale,
06:52the TDS compliance will not be any problem.
06:54For the NRI seller,
06:56the rule will not be changed,
06:57if TDS will work or not,
06:58the buyer will be in which way.
07:01A big- slick decision,
07:02so that in the BAN's order to return
07:02I'll see you next time as you can find it.
07:03I will see you next time.
07:03Bye.
07:04Bye.
07:05Bye.
07:07Bye.
