#NRI Taxation

2 articles

TDS on Sale of Property in India: Resident vs NRI Seller, Section 393(1) and 393(2) Mechanics Under the Income-tax Act, 2025

TDS on property sale under the Income-tax Act, 2025: resident seller 1% TDS under Section 393(1) [Sl. 3(i)] above Rs 50 lakh; NRI seller TDS under Section 393(2) [Sl. 17] — no threshold, 12.5% LTCG / slab STCG plus surcharge. Form 141 replaces Form 26QB; Section 395 / Form 128 lower-TDS.

FAST-DS 2026: Foreign Assets of Small Taxpayers Disclosure Scheme (Finance Bill 2026) — Two Categories, 6-Month Window, Pending Commencement

FAST-DS 2026, introduced via the Finance Bill 2026, gives small taxpayers a one-time 6-month window to disclose unreported foreign assets/income with immunity under the Black Money Act, 2015. The scheme has two categories (up to Rs. 1 cr and up to Rs. 5 cr). Commencement date is yet to be notified.

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