CBDT weekly summary
CBDT updates 21-27 September 2026: TDS on non-resident property
CBDT extended valuer and practitioner registration to 31 March 2027 and, from 1 October, requires TDS reporting on property bought from a non-resident.
The week in brief
What changed
The Income-tax (Fifth Amendment) Rules, 2026 (Notification No. 121/2026, G.S.R. 830(E), 22 September 2026) take effect on 1 October 2026. A resident individual or Hindu undivided family that buys immovable property from a non-resident must report tax deducted at source under section 393(2) in updated Forms 132 and 141, including the property address and buyer and seller details.
Notification No. 120/2026 moves the registration deadline for registered valuers and authorised income-tax practitioners from 30 September 2026 to 31 March 2027. It replaces Form No. 169 for valuers and Form No. 171 for practitioners, for applicants under the Income-tax Act, 2025, with effect from 17 September 2026.
CBDT issued Notification No. 3 of 2026 on the procedure for a reporting person or entity to register and submit Form No. 98 under rule 160 of the Income-tax Rules, 2026.
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