Budget 2026 eases compliance burden for buyers of NRI property with PAN instead of TAN

From October 1, TAN goes out the window

Union Budget 2026-27 reduces paperwork for resident individuals and HUFs buying immovable property from NRIs. Starting October 1, buyers won’t need to obtain or use a TAN to deduct tax at source. Instead, TDS reporting will be done using the buyer’s PAN, streamlining the compliance process for such transactions.