CBDT Notification No. 121/2026 amends the Income-tax Rules, 2026 from 1 October 2026 for TDS on transfers of immovable property by non-residents to resident individuals or HUFs. Conveyancing teams and lenders should adjust closing checklists because Form 141 and Form 132 will capture seller, buyer, property, stamp value and TDS details for these transactions.
We have not written our own note on this one yet. The source report and, where we found it, the primary document are linked below.