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The Economic Times

Economy / The Economic Times

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Buying NRI property? New rules kick in October 1

Beginning 1 October 2026, resident Indian buyers will enjoy simplified compliance when purchasing property from non-resident sellers. They will be able to use their Permanent Account Number instead of obtaining a Tax Deduction and Collection Account Number. This amendment aims to reduce the burden of compliance on individual buyers. Buyers will also be required to provide the seller's contact information and overseas address.

28 Sep 2026 6:30 am