Property Sale by NRIs: Capital Gains, TDS, and Repatriation Basics
Selling property in India as an NRI involves multiple layers of taxation, withholding requirements, and regulatory compliance. Understanding each layer ensures you meet your obligations correctly and avoid unnecessary tax outflows. TDS on Property Sale When an NRI sells property in India, the buyer is responsible for deducting Tax Deducted at Source (TDS) under Section 195 of the Income Tax Act before transferring the sale proceeds. The applicable TDS rates are: Holding Period Gain Type TDS Rate More than 24…
