World & BusinessTax-withholding rules for buying property from non-resident Indians change October 1, 2026
The Economic Times reports that buyers will be able to deposit and report tax deducted at source using PAN-based Form 141, under amended income-tax rules.
TLDR
The Economic Times reports that the Central Board of Direct Taxes has amended the Income-tax Rules, 2026. From October 1, 2026, buyers of property from non-resident Indians can deposit and report tax deducted at source through Form 141, a combined payment-and-reporting form based on a Permanent Account Number (PAN). The change follows a Budget 2026 announcement and is intended to simplify compliance, particularly for property transactions that may be one-off.
Tax-withholding rules for buying property from non-resident Indians change October 1, 2026
The Economic Times reports that buyers will be able to deposit and report tax deducted at source using PAN-based Form 141, under amended income-tax rules.
TLDR
The Economic Times reports that the Central Board of Direct Taxes has amended the Income-tax Rules, 2026. From October 1, 2026, buyers of property from non-resident Indians can deposit and report tax deducted at source through Form 141, a combined payment-and-reporting form based on a Permanent Account Number (PAN). The change follows a Budget 2026 announcement and is intended to simplify compliance, particularly for property transactions that may be one-off.