Economic TimesLean R·
A simpler TDS route for property buyers
The Central Board of Direct Taxes (CBDT) has simplified tax deducted at source (TDS) compliance for resident individuals and Hindu undivided families (HUFs) purchasing immovable property from non-residents, removing the requirement to obtain a separate Tax Deduction and Collection Account Number (TAN) for such transactions.The change, which will take effect from October 1, 2026, is aimed at making compliance easier for resident buyers who are required to deduct TDS when purchasing immovable pro…
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