PAN enough for tax deduction on buying property from NRIs

The government plans to ease tax compliance by allowing PAN use instead of TAN for property purchases from NRIs, effective October 2026. This move aims to simplify processes for residents and encourage NRI investment in domestic stocks.

The article was authored by Kumarmanglam Vijay, Partner and Head of Practice – Direct Tax, was published in Hindustan Times (Print).

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