Income Tax 28 September 2026
New NRI Property Tax Rules Effective Oct 1
From October 1, 2026, NRIs buying Indian property must meet the same tax compliance as domestic buyers. The Income Tax (Fifth Amendment) Rules set new TDS rates, require a PAN, and mandate filing Form 141, bringing NRI transactions in line with local regulations.
From October 1, 2026 NRI buyers will follow the same tax rules as Indian residents when purchasing property.
- Updated TDS rates apply to NRI transactions
- PAN registration is now mandatory for NRI purchasers
- Filing of Form 141 is required to align with domestic compliance
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