Personal Finance Desk: A change in the tax process is expected to simplify certain property purchases involving non-resident sellers from October 1.

Financial Express reported that buyers purchasing property from NRIs will no longer need to obtain a TAN from the tax portal under the new process from October 1, 2026. Buyers should still follow the applicable TDS rules and filing requirements. citeturn0search10

What It Means for Consumers

The development can affect household payments, banking access, savings, borrowing or investment-related decisions. Readers should distinguish confirmed rules from proposals and check the latest notification from the relevant authority or financial institution.

Important Point

Interest rates, fees, tax requirements and financial-product terms can change. This article is for general information and is not personal financial advice.

External source: Reserve Bank of India | Internal: Business News | Stock Market News

Imran Siddiqui

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