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Q.

Is Tan number required for all joint / co-purchasers if the property purchased is from an NRI?

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0 2023-02-20T20:51:42+00:00

Hey there

TAN, or Tax Deduction and Collection Account Number, is a 10-digit alpha-numeric number issued by the Income Tax Department. A TAN number is required for anyone who is responsible for TDS deductions or is required to collect TCS. In the case of buying a property from an NRI, all the buyers must give their TAN number. So yes, all co-purchasers are required to give their TAN number.

 

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