India, Feb. 1 -- Buying property in India from a non-resident seller has long involved cumbersome paperwork. In a significant compliance relief announced on February 1, Finance Minister Nirmala Sitharaman proposed procedural changes aimed at making such transactions far smoother for resident buyers.

By waiving the requirement for a separate TAN for TDS on immovable property sales and allowing resident buyers to use PAN-based challans, the Budget has meaningfully reduced 'procedural friction' in NRI property transactions, say experts.

While the move may seem technical, it addresses a long-standing procedural hurdle that often delays or complicates one-time property transactions involving Non-Resident Indians (NRIs). By removing the TAN r...