From The Economic Times · ET Online · · 50s
CBDT simplifies TDS for property buyers
CBDT removes TAN requirement for property buyers purchasing from non-residents.
In brief
CBDT removes TAN requirement for property buyers purchasing from non-residents. Resident buyers no longer need a separate TAN when purchasing property from non-residents starting October 2026. Originally reported by The Economic Times.
New rule for property buyers
The Central Board of Direct Taxes simplifies tax compliance for residents buying property from non-residents.
TAN requirement removed
Resident buyers no longer need a separate Tax Deduction and Collection Account Number for these transactions.
New compliance process
Buyers can use their PAN to deposit tax through a challan-cum-statement starting October 1, 2026.
Form 141 used
TDS under Section 393(2) can be reported using Form 141, a PAN-based challan-cum-statement.
Effective date
The change takes effect from October 1, 2026, simplifying compliance for resident buyers.
The essence
Resident buyers no longer need a separate TAN when purchasing property from non-residents starting October 2026.
