CBDT Scraps Mandatory TAN for Buying NRI Property from October 1:
In a major procedural overhaul aimed at reducing compliance friction for domestic property buyers, the Central Board of Direct Taxes (CBDT) has substantially reformed Tax Deducted at Source (TDS) regulations on acquiring immovable properties from Non-Resident Indians (NRIs). Effective October 1, 2026, resident individuals and Hindu Undivided Families (HUFs) will no longer be mandated to … Read more