Budget Update: NRI Property Sale – Important Change You Must Know!

If you’re an NRI planning to sell property in India, Budget 2026 brings a big compliance relief for you and buyers.

👉 What’s changed?
Earlier, when a resident buyer purchased property from an NRI, they were required to obtain a TAN just to deduct TDS. This caused delays and confusion.

✅ Budget 2026 fixes this problem.

🔹 Under the Finance Bill 2026 (Clause 75), the mandatory TAN requirement has been removed.
🔹 Now, the buyer can deduct and deposit TDS using PAN itself — just like regular property purchases.
🔹 This applies to sale of immovable property by NRIs where TDS is deducted under the law.

📌 What has NOT changed?
* TDS rates remain the same
* Capital gains tax rules remain unchanged
* NRIs still need to file ITR to claim refund, if excess TDS is deducted

🗓️ Effective Date:
👉 This change will be applicable from 1st October 2026.

💡 Why this matters:
✔ Faster property transactions
✔ Less paperwork for buyers
✔ Smooth TDS compliance
✔ Easier tax credit & refund for NRIs

📢 Bottom line:
Budget 2026 doesn’t reduce tax on NRI property sales, but it removes a major procedural hurdle, making transactions simpler and cleaner.

📞 Need help with NRI property tax, TDS or compliance?
Connect with Corporate Genie for end-to-end support.