TDS on NRI Property Purchase: Form 26A Proof Can Shield Buyer from Default u/s 201

Pravin Prakash Magar Vs CIT (Appeals) (ITAT Mumbai)

TDS on Property Purchase from NRI — ITAT Restores Case to AO as Buyer Obtains Form 26A Proof of Seller’s Tax Payment- Form 26A Can Save Buyer from Default u/s 201 – ITAT Allows Relief in NRI Sale Case

Assessee, an Indian resident, purchased property from two NRIs, each for ₹66 lakh. He applied for a lower deduction certificate u/s 197, requesting TDS @12.61% inclusive of surcharge & cess. However, AO issued a certificate prescribing 12.61% excluding surcharge & cess. Owing to this misunderst

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