*For the Information of the Public*
*Please take note of the procedure for applying for a TAN (Tax Deduction and Collection Account Number) for the purpose of depositing TDS (Tax Deducted at Source) on property transactions.*
*To apply for a TAN number for TDS,*
go to the Income Tax e-filing portal,
log in, select TAN application,
Form 49B, enter the buyer details,
submit, and complete the e-sign process.
Once TAN is allotted, you can use it for the applicable TDS payment and compliance steps.
And if the property seller is an NRI, the TDS process is different and usually falls under Section 195.
From. Binu chaithanya
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