CBDT tightens TDS reporting for non-resident property deals
In short
From October 1, 2026, Indian buyers will have to give detailed information when they buy property from non-resident sellers. The summary says the rules change Forms 132 and 141, add a new Schedule E, remove the need for a Tax Deduction Account Number, and give buyers 30 days to pay TDS.
This matters because property buyers will face new reporting steps. The reporting does not say how many deals will be affected or how strictly the rules will be enforced.
What the reporting says
From October 1, 2026, Indian buyers in property deals with non-resident sellers will have to report detailed purchase information, according to the summary. The changes include updates to Forms 132 and 141, a new Schedule E for compliance, no need for a Tax Deduction Account Number, and a 30-day TDS payment timeline. The exact enforcement mechanics and affected transaction volumes were not stated.
Why it matters
The CBDT rule change will require Indian buyers to report more detail on property purchases from non-residents from October 1, 2026. The amendments mentioned in the summary include changes to Forms 132 and 141, a new Schedule E, removal of the TAN requirement, and a 30-day TDS payment timeline. The direct impact is additional compliance for buyers, while broader effects remain unstated.