NRI shall need to follow the below steps:
• Step 1: NRI needs to fill in an online challan cum statement (Form 26QB) through which he can make an online payment.
Alternatively, he can make the payment subsequently after uploading the Form 26QB by approaching one of the AD Banks to make the necessary payment.
• Step 2: A Challan Identification Number shall be generated once the payment has been successfully made.
• Step 3: Subsequently, NRI needs to register himself on the TRACES website as a tax payer and generate Form 16B as a certificate for tax deduction.
• Step 4: Form 16B shall have to be shared with the Seller of the property.