Is TAN number required before registry of purchase of an NRI property?
Since you are buying a property from a non-resident you are required to have a TAN number but only at the time of making payment of the tax deducted to the credit of the central government and not when you execute and register the agreement.
Is it necessary to obtain a TAN number before registry of purchase of an NRI property? Can we deduct the amount at prescribed rate and post registry deposit this once we get our TAN as NRI has to leave urgently and TAN can’t be generated in this time. Parag Agrawal