Income tax: Can one enter a taxable transaction with a non-resident without a TAN?

A property purchase from an NRI requires TDS deduction and a TAN. Without a TAN, one can still transact but must apply for it. TDS must be deposited by the 7th of the following month, with interest for delays, though penalties may not apply if justified.

from mint - money https://ift.tt/L3UY0gX