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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Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.