New Delhi, Oct. 1 -- Buying a house from a non-resident Indian (NRI) involves more tax compliance than buying one from a resident. One part of that process gets simpler from today.

A resident individual or Hindu undivided family (HUF) buying immovable property from an NRI will no longer need a TAN or tax account number just to deduct tax at source on the transaction. Now, the buyer can use PAN and deposit the tax deducted at source (TDS) through Form 141. The form will have a new Schedule E for such transactions.

"Form 141 is not a new form introduced by this notification. It is a consolidated challan-cum-statement that was introduced under the new Income-Tax Act, 2025, for specific TDS transactions. It is already used for depositing TD...