Buying from an NRI gets simpler as TAN requirement goes from 1 October
By Naveen Kumar, Director at Triverse Homes
If you are buying a home from a non-resident seller, one piece of paperwork is going away. From 1 October 2026, resident individuals and HUFs will no longer need a separate TAN just to deduct TDS on the purchase. Instead they can use their own PAN and report the deduction through an amended Form 141 on the income tax portal, and then give the seller a Form 132 certificate.
The tax itself has not changed. Buyers must still confirm the seller is a non-resident, deduct tax at the applicable rate and deposit it on time. Alay Razvi of Accord Juris called it a welcome compliance reform.
For resale deals in Gurugram, where NRI owners are common, this should remove a step that often delayed closings.
Source: Business Standard ↗
Naveen Kumar
Naveen Kumar is a Director at Triverse Homes with more than 16 years in real estate. He has an in-depth understanding of the market, from how projects are priced and launched to what drives their value on resale.
He is especially strong on HUDA (now HSVP) regulations and RERA: licences, approvals, allotment and transfer rules, and the rights buyers have when timelines slip. In his updates he explains what each change in the market or the law means in practice for anyone buying, selling or investing in Gurgaon.
