Which new rules will take effect on Oct 1 for those buying NRIs' properties?

Buyers purchasing immovable property from NRIs would no longer need to obtain a Tax Deduction and Collection Account Number (TAN) from October 1. They can now use their PAN and Form 141 to deduct, deposit, and report TDS, with the onus lying on buyers to get the correct TDS deducted and deposited. The rule applies to eligible individuals and HUFs.