Budget 2026 NRI property sale: New PAN-based chalan system instead of TAN for TDS from October 1; check details
The Union Budget 2026 has proposed simplifying tax compliance for property transactions involving non-resident sellers by allowing resident buyers to deduct and deposit TDS using their PAN-based challan instead of obtaining a Tax Deduction and Collection Account Number (TAN).At present, resident individuals or Hindu Undivided Families (HUFs) purchasing immovable property from a non-resident seller are…