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No TAN Needed to Buy Property from an NRI from 1 October 2026: Complete Guide to CBDT Notification 121/2026, Form 141 Schedule E & Circular 07/2026
By CA Shivam Gupta | Published: September 30, 2026 EXECUTIVE SUMMARY Purchasing immovable property from a Non-Resident Indian (NRI) has historically represented one of the most operationally burdensome tax compliance workflows for individual homebuyers in India. Unlike transactions involving resident sellers—which are streamlined through a PAN-based challan-cum-statement—acquisitions from NRIs previously required retail buyers to apply…
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Tax Audit 2026 Crisis Reaches Parliament & High Court
Tax Audit 2026 Crisis Reaches Parliament & High Court: Extension Demands Peak & ITAT Delhi Delivers Vital Foreign Tax Credit Relief By CA Shivam Gupta | Published: September 26, 2026 EXECUTIVE SUMMARY With the statutory September 30 deadline for Tax Audit Reports under Section 44AB and Trust Audits under Section 12A/10(23C) less than 96…
