What is Capital Gains Tax?
Capital gains represent the profit or income that arises from the transfer or sale of a capital asset. In the context of NRIs, property held in India is considered a capital asset. Therefore, any financial gain that an NRI realizes from selling a property in India is categorized as a capital gain and is subject to taxation under the Indian Income Tax Act.
Types of Capital Gains:
Short-Term Capital Gains (STCG): If an NRI holds an asset for a duration of 24 months or less from the date of its acquisition, any profit arising from its sale is classified as a short-term capital gain. Some assets are considered Short-Term Capital Assets even when these are held for 12 months or less. These assets are:
- Equity or preference shares in a company listed on a recognized stock exchange in India
- Securities (like debentures, bonds, govt securities etc.) listed on a recognized stock exchange in India
- Units of UTI, whether quoted or not
- Units of equity oriented mutual fund, whether quoted or not
- Zero coupon bonds, whether quoted or not
Long-Term Capital Gains (LTCG): Conversely, if any asset is held for a period exceeding 24 months from the date of its acquisition, the profit generated from its sale is considered a long-term capital gain. Whereas, below-listed assets if held for a period of exceeding 12 months, shall be considered as Long-Term Capital Asset:
- Equity or preference shares in a company listed on a recognized stock exchange in India
- Securities (like debentures, bonds, govt securities etc.) listed on a recognized stock exchange in India
- Units of UTI, whether quoted or not
- Units of equity oriented mutual fund, whether quoted or not
- Zero coupon bonds, whether quoted or not
Inherited Property: A crucial aspect to consider for NRIs who might have inherited property in India is that the holding period and the original cost of acquisition are attributed to the original owner or the previous owner. This means that even if the NRI has held the property for a relatively short period after inheriting it, the total holding period, including that of the ancestor, will be considered when determining whether the gain is short-term or long-term. Similarly, the original purchase price paid by the ancestor will be the basis for calculating the capital gain.
Applicability of Capital Gains Tax to NRIs: Non-Resident Indians are subject to capital gains tax on any income they earn from sources within India, and this explicitly includes income derived from the sale of property situated in India. This provision ensures that the Indian tax authorities have the right to tax gains arising from property transactions within their jurisdiction, regardless of the seller’s residency status.
Capital Gains Tax Rates for NRIs
Short-Term Capital Gains Tax Rate: Short-term capital gains for NRIs are taxed according to the income tax slab rates that are applicable for the specific financial year in India. These slab rates can escalate up to 30%, and in addition to this, a surcharge and a health and education cess are also levied on the total tax amount.
Long-Term Capital Gains Tax Rate: The tax rate for long-term capital gains on the sale of property by NRIs depends on the date of the property transfer. For property transfers that occurred before July 23, 2024, the long-term capital gains were generally taxed at a rate of 20%, and the benefit of indexation was applicable. However, a significant change was introduced for property transfers taking place on or after July 23, 2024. For these transactions, the long-term capital gains are taxed at a reduced rate of 12.5%, but the benefit of indexation is no longer available. This change simplifies the calculation process for post-July 2024 transactions but also means that the taxable gain might be higher in some cases as the original cost is not adjusted for inflation. Interestingly, for properties acquired before July 23, 2024, resident taxpayers were given an option to choose between the 12.5% rate without indexation and the 20% rate with indexation, but this choice was specifically not extended to NRIs. This indicates a difference in how the tax laws treat residents and non-residents in this particular scenario.
Applicability of Surcharge and Cess: In addition to the base tax rates mentioned above, a surcharge and a health and education cess are also applicable on the calculated tax amount. The current rate of health and education cess is typically 4%. The surcharge rate, however, is not fixed and depends on the total taxable income of the NRI in India. Higher income levels attract a higher surcharge rate, which can further increase the overall tax liability. Therefore, when estimating the capital gains tax, NRIs need to consider not only the base tax rate applicable to their holding period and the date of transfer but also the potential impact of the surcharge based on their total income in India.
Key Considerations for NRIs Selling Property:
Tax Deducted at Source (TDS): Rates and Implications: When an NRI sells a property in India, the buyer of the property is legally obligated to deduct Tax Deducted at Source (TDS) from the sale consideration before making the payment to the NRI seller. The rate at which this TDS is deducted depends on whether the capital gain is classified as long-term or short-term and the date of the transfer.
- For Long-Term Capital Gains (LTCG), where the property has been held for more than 24 months, the TDS rate for transfers before July 23, 2024, was typically 20% plus any applicable surcharge and education cess. For transfers occurring on or after July 23, 2024, the TDS rate has been set at 12.5% of the total sale value, along with any applicable surcharge and cess. This alignment of the TDS rate with the new LTCG tax rate for post-July 2024 transactions aims for a more consistent tax withholding. However, it is crucial for NRIs to understand that this TDS is deducted on the entire sale value of the property, not just on the profit or capital gain they have made. This means a significant portion of the sale proceeds can be withheld as TDS at the time of the transaction.
- For Short-Term Capital Gains (STCG), where the property has been held for 24 months or less, the TDS rate is typically higher at 30% plus any applicable surcharge and education cess.
Reducing TDS Liability – Understanding and Utilizing Form 13: If an NRI anticipates that their actual capital gains tax liability will be lower than the TDS amount that the buyer is obligated to deduct, they have the option to apply to the Income Tax Department for a certificate that allows the buyer to deduct TDS at a reduced rate or even at a nil rate. This application is made by submitting Form 13. The Assessing Officer (AO) will review the details provided in Form 13, including the estimated income and tax liability of the NRI, and if satisfied, may issue a certificate specifying a lower TDS rate or even a complete exemption from TDS. The application for Form 13 can be conveniently filed online through the official TRACES portal. It is highly recommended that NRIs who intend to avail this benefit should initiate the application process well in advance of the planned property sale to ensure they receive the certificate in time and can avoid a larger upfront deduction of TDS.
For more details about form 13
Currency Conversion Aspects: For the purpose of calculating capital gains tax when an NRI sells property in India, the sale proceeds that they receive are considered in Indian Rupees (INR). Similarly, the original purchase price of the property, regardless of whether it was initially paid in foreign currency, is also taken into account in INR. This necessitates that NRIs maintain accurate records of the original purchase price in INR. If the property was initially acquired using foreign currency, it is crucial to have a record of the exchange rate that was prevalent at the time of purchase to accurately determine the equivalent value in INR. This INR value of the purchase price will then be used to calculate the capital gain at the time of sale.
Repatriation of Sale Proceeds – RBI Guidelines and Limits: The Reserve Bank of India (RBI) has established specific guidelines and regulations that govern the repatriation or transfer of sale proceeds from India to an NRI’s home country. Generally, NRIs are permitted to repatriate the funds they receive from the sale of property in India after they have paid all the applicable taxes on the capital gains. However, this repatriation is subject to certain limits and conditions set by the RBI. One of the key limits is that an authorized dealer, which is typically a bank, can allow an NRI to remit up to USD 1 million per Financial Year (which runs from April to March). This USD 1 million limit is a cumulative limit. This annual limit can be a significant factor for NRIs who are selling high-value properties, as they might need to plan the repatriation of funds over multiple financial years if the sale proceeds exceed this threshold. If an NRI needs to remit an amount exceeding USD 1 million in a single financial year, they are required to seek prior approval from the RBI, and such approvals are granted on a case-by-case basis. It’s worth noting that funds held in Non-Resident External (NRE) and Foreign Currency Non-Resident (FCNR) accounts, which are typically funded from foreign income, can generally be repatriated without being subject to this USD 1 million annual limit. To facilitate the repatriation of sale proceeds from their NRO account, NRIs are required to submit specific documentation, including Form 15CA, which is a self-declaration about the payment information, and Form 15CB, which is a certificate from a Chartered Accountant confirming that all applicable taxes have been paid on the amount being repatriated.
Capital Gains Tax Exemptions for NRIs:
Section 54 Exemption: Section 54 of the Income Tax Act offers a significant tax benefit to NRIs who incur long-term capital gains from the sale of a residential property in India that was held for more than 24 months. This section allows for an exemption from capital gains tax if the entire amount of the capital gain is reinvested in the purchase or construction of a new residential property in India within a specified timeframe. The new property must be purchased either one year before the date of the sale of the original property or within two years after the date of sale. In the case of an under-construction property, the construction must be completed within three years from the date of the sale of the original property. It is crucial to note that this reinvestment must be in a residential property located in India; any investment in property outside India will not qualify for this tax exemption. The exemption under Section 54 is available only for the purchase or construction of two residential properties. This option to invest in two properties can be exercised only once in the lifetime of the individual. To maintain the tax exemption claimed under Section 54, the newly acquired residential property must not be sold within three years from the date of its purchase or completion of construction. If the new property is sold within this three-year period, the initial tax exemption is revoked, and the capital gains from the sale of the original property become taxable in the year the new property is sold, potentially as short-term capital gains.
Furthermore, from April 1, 2023, there is an upper limit on the amount of capital gains that can be exempted under Section 54, which is capped at ₹10 crore. If the long-term capital gains exceed this amount, the exemption will be limited to ₹10 crore, and the excess gain will be subject to capital gains tax. In cases where an NRI has earned long-term capital gains from the sale of a residential property but is unable to reinvest the gains in a new property before the deadline for filing their income tax return, they can still claim the tax exemption by depositing the unutilized capital gains into a special account known as the Capital Gains Account Scheme (CGAS). This deposit must be made with a public sector bank or another bank authorized for this purpose before the tax return filing due date. The funds held in this CGAS account must then be used to purchase or construct a new residential property within the timelines specified under Section 54 (two years for purchase, three years for construction) to retain the tax exemption.
Section 54EC Exemption – Conditions and Requirements: Section 54EC of the Income Tax Act provides another avenue for NRIs to avail an exemption from long-term capital gains tax. This exemption is applicable if the capital gains arising from the sale of any long-term immovable property, which includes land, buildings, or both, are invested in certain specified bonds within a period of six months from the date of the property sale. Unlike Section 54, which is specific to gains from residential property, Section 54EC covers capital gains from both residential and non-residential immovable properties. The bonds eligible for this investment are specifically issued by government-backed organizations such as the National Highways Authority of India (NHAI), the Rural Electrification Corporation (REC), Power Finance Corporation Ltd. (PFC), and the Indian Railway Finance Corporation Ltd. (IRFC). It is essential to invest in these particular bonds to qualify for the exemption; investment in any other type of bond or security will not be considered. Once an NRI invests their capital gains in these specified bonds under Section 54EC to claim the tax exemption, the invested amount is subject to a lock-in period of five years from the date of investment. During this five-year period, the bonds cannot be sold, transferred, or used as collateral for obtaining any loan or advance.
If the bonds are redeemed or liquidated before the completion of this period, the tax exemption that was initially claimed will be reversed in the year of such liquidation. Furthermore, the total amount that an NRI can invest in these specified bonds under Section 54EC is capped at INR 50 lakhs in a single financial year. This limit is also applicable to any subsequent financial year in which further investments are made related to the same capital gain. Therefore, even if the capital gain is higher than INR 50 lakhs, the maximum exemption that can be claimed through investment in these bonds is limited to the tax on gains up to INR 50 lakhs. While the investment in 54EC bonds provides an exemption from capital gains tax on the property sale, the interest that an NRI earns on these bonds is considered as income and is therefore taxable in India according to the applicable income tax rates. However, there is no Tax Deducted at Source (TDS) on the interest income received from these bonds.
Section 54F Exemption – Conditions and Requirements: Section 54F of the Income Tax Act offers a tax exemption to NRIs who realize long-term capital gains from the sale of any capital asset other than a residential property. This exemption is granted if the net sale proceeds (not just the capital gain) from the sale of such an asset are utilized to purchase a new residential property in India within a specified period. The new property must be purchased either one year before the date of transfer of the original asset or within two years after that date. Alternatively, if the NRI is constructing a new residential property, the construction must be completed within three years from the date of the sale of the original asset. This section is particularly beneficial for NRIs who sell assets like shares, bonds, gold, or even non-residential land and wish to invest the proceeds in a residential house in India. A crucial condition for claiming exemption under Section 54F is that on the date of the transfer of the original capital asset (other than a residential house), the NRI should not own more than one residential property in India, excluding the new property being purchased or constructed. If the NRI owns more than one other residential property at the time of the sale, they will not be eligible for this tax exemption. Similar to Section 54, the new residential property that is purchased or constructed in India using the sale proceeds must not be sold within three years from the date of its purchase or completion of construction.
If the new property is sold within this three-year period, the tax exemption that was initially claimed under Section 54F will be revoked. Unlike Section 54, where the entire capital gain needs to be reinvested to claim the full exemption, Section 54F provides for a proportional exemption if the entire net sale proceeds from the original asset are not reinvested in the new residential property. The amount of the exemption is calculated based on the ratio of the amount invested in the new property to the net sale proceeds of the original asset. Furthermore, just like Section 54, the amount of capital gains that can be exempted under Section 54F is also capped at ₹10 crore with effect from April 1, 2023. This means that even if the amount reinvested in a new residential property from the sale proceeds of a non-residential asset is higher, the maximum capital gains that can be considered for exemption under this section will not exceed ₹10 crore.
Comparative Analysis of Sections 54, 54EC, and 54F for NRIs:
| Feature | Section 54 | Section 54EC | Section 54F |
|---|---|---|---|
| Asset Sold | Long-term Residential Property | Any long-term immovable property (land or building or both) | Any long-term capital asset other than residential property |
| Reinvestment | Purchase/construction of residential property in India | Investment in specified bonds (NHAI, REC, etc.) | Purchase/construction of residential property in India |
| Reinvestment Time | 1 year before or 2 years after sale (3 years for construction) | Within 6 months of sale | 1 year before or 2 years after sale (3 years for construction) |
| Lock-in Period | 3 years for new property | 5 years for bonds | 3 years for new property |
| Investment Limit | Limited to capital gains (capped at ₹10 crore) | Maximum ₹50 lakhs in a financial year | Net sale proceeds (proportional exemption, capped at ₹10 crore) |
| Other Conditions | Only one other residential property owned (generally) | None explicitly mentioned | Should not own more than one other residential property at the time of original sale |
| Taxpayer | Individuals and HUFs | Any taxpayer | Individuals and HUFs |
Calculating Capital Gains Tax for NRIs (with an illustrative example)
To calculate the capital gains tax liability when selling property in India, NRIs can follow these steps:
- Determine the Holding Period: First, ascertain how long the property was held from the date of acquisition until the date of sale. If the holding period is more than 24 months, the gain will be considered Long-Term Capital Gain (LTCG). If it is 24 months or less, it will be Short-Term Capital Gain (STCG).
- Calculate the Net Sale Price: Determine the full value of the consideration received from the sale of the property and deduct any expenses that were incurred solely in connection with the transfer. These expenses can include brokerage commissions, stamp duty paid on the sale deed, and registration charges.
- Calculate the Cost of Acquisition and Improvement: Identify the original purchase price of the property and any costs incurred for its improvement (additions or alterations that increased its value). For LTCG on properties transferred before July 23, 2024, you need to calculate the Indexed Cost of Acquisition and Indexed Cost of Improvement using the Cost Inflation Index (CII) notified by the government for the respective financial years. The formula for indexation is: Indexed Cost = Original Cost * (CII of the year of sale / CII of the year of acquisition/improvement). For LTCG on properties transferred on or after July 23, 2024, indexation is not applicable.
- Compute the Capital Gains: Subtract the Cost of Acquisition and Cost of Improvement (or the Indexed Cost of Acquisition and Improvement for LTCG before July 23, 2024) from the Net Sale Price. The resulting amount is the capital gain.
- Apply the Applicable Tax Rate: Based on whether the capital gain is STCG or LTCG and the date of transfer (if LTCG), apply the relevant tax rate as detailed in Section IV. For STCG, use the applicable income tax slab rates. For LTCG, use 20% (with indexation for pre-July 23, 2024 transfers) or 12.5% (without indexation for post-July 23, 2024 transfers).
- Add Surcharge and Cess: Calculate any applicable surcharge based on your total taxable income in India for the financial year. Then, add the health and education cess (currently 4%) on the total of the tax and surcharge.
Example:
Let’s consider an NRI who purchased a property in India in September 2021 for INR 60,00,000 and sold it in November 2025 for INR 1,10,00,000. The brokerage paid on the sale was INR 75,000.
- Holding period: More than 24 months (Long-Term Capital Gain)
- Date of Transfer: November 2025 (On or after July 23, 2024)
- Sale price: INR 1,10,00,000
- Expenses (Brokerage): INR 75,000
- Net Sale Price: INR 1,10,00,000 – INR 75,000 = INR 1,09,25,000
- Cost of acquisition: INR 60,00,000
- Indexation: Not applicable as the transfer is on or after July 23, 2024.
- Long-term capital gain: INR 1,09,25,000 – INR 60,00,000 = INR 49,25,000
- Capital gains tax (at 12.5%): INR 49,25,000 * 12.5% = INR 6,15,625
- Add: Surcharge (assuming applicable rate of 15%): INR 6,15,625 * 15% = INR 92,343.75
- Add: Health and Education Cess (at 4% on tax + surcharge): (INR 6,15,625 + INR 92,343.75) * 4% = INR 28,318.75
- Total Capital Gains Tax: INR 6,15,625 + INR 92,343.75 + INR 28,318.75 = INR 7,36,288
This example illustrates how to calculate the long-term capital gains tax for an NRI.
Compliance and Documentation for NRI Property Sales:
Essential Documents Required: When selling property in India, NRIs need to have several key documents in order for tax and compliance purposes. These include their Permanent Account Number (PAN) card, which is mandatory for all tax-related transactions in India. They will also need the original sale deed and the purchase agreement of the property. The buyer of the property will issue a Tax Deducted at Source (TDS) certificate in Form 16A, which the NRI should retain. If the NRI is claiming any exemptions under Sections 54, 54EC, or 54F, they will need to provide proof of the reinvestment made, such as purchase documents for a new property or investment details in specified bonds. Bank statements that reflect the sale proceeds received are also important for record-keeping and tax filing. Additionally, the Income Tax Department may require other relevant documents depending on the specific circumstances of the sale.
Filing Income Tax Returns in India as an NRI: It is generally essential for NRIs who have earned any income in India during a financial year, including capital gains from the sale of property, to file their income tax returns (ITR) in India. Filing the ITR allows the NRI to officially report their income earned in India, claim any applicable deductions and exemptions, and either pay any remaining tax liability or claim a refund if excess TDS has been deducted by the buyer. For any assistance in filing ITR
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Understanding Due Dates and Potential Penalties: The due date for filing income tax returns in India is typically July 31st of the assessment year, which is the year following the financial year in which the income was earned. For example, for income earned between April 1, 2024, and March 31, 2025, the return is usually due by July 31, 2025. Failure to file the income tax return within this stipulated due date can attract penalties and interest charges as per the Indian tax laws. Therefore, it is crucial for NRIs to be aware of these deadlines and ensure timely filing to avoid any financial implications.
Effective Tax-Saving Strategies for NRIs Selling Property in India
NRIs selling property in India can explore several tax-saving strategies to minimize their capital gains tax liability:
- Reinvesting in Property: As discussed, NRIs can claim exemption under Section 54 by reinvesting the long-term capital gains from the sale of a residential property into another residential property in India, provided they meet the specific conditions related to the timing and location of the new purchase or construction.
- Investing in Bonds: Investing long-term capital gains in specified bonds under Section 54EC, such as those issued by NHAI or REC, within six months of the sale can help NRIs save on taxes. This investment comes with a five-year lock-in period and a limit on the investment amount.
- Considering Joint Ownership: The tax implications for selling a jointly owned property depend on the share of ownership and the individual tax status of each owner. Proper planning of ownership structure can potentially optimize the overall tax liability.
- Understanding the Tax Implications of Gifting Property: Gifting property to certain relatives may have different tax implications compared to selling. It is advisable to understand these implications before making a decision, as gift tax laws can vary.
- Utilizing the Capital Gains Account Scheme (CGAS): If an NRI is unable to reinvest the capital gains in a new property or specified bonds before the tax return filing deadline, they can deposit the gains into a CGAS account. This allows them to defer the tax liability, provided they utilize the funds within the stipulated time for reinvestment as per Sections 54 or 54F.
- Claiming Deductions for Expenses Incurred on the Sale: NRIs should ensure they claim deductions for all permissible expenses incurred in connection with the sale of the property, such as brokerage fees, registration charges, and stamp duty. These deductions will reduce the net sale consideration and thus the taxable capital gains.
- Taking Advantage of Double Taxation Avoidance Agreements (DTAAs): India has DTAAs with many countries, which aim to prevent double taxation. NRIs should check if such an agreement exists with their country of residence and understand how it might provide relief from being taxed on the capital gains in both India and their home country. This relief might be in the form of a tax credit or a lower tax rate in one of the countries.
- Planning the Timing of the Sale: Strategically timing the sale of the property after April 1st can defer the tax liability to the next financial year. This provides the NRI with additional time to plan their tax-saving investments and manage their cash flow more effectively.
Common Challenges Faced by NRIs Regarding Capital Gains Tax on Property
NRIs often encounter several challenges when dealing with capital gains tax on property sales in India:
- High Tax Rates: The short-term capital gains tax rates, which are based on the income tax slabs, can be quite high, posing a significant financial burden.
- Tax Deducted at Source (TDS): The mandatory TDS on the sale consideration can lead to substantial cash flow issues for NRIs, especially if the actual tax liability is lower.
- Complexity of Exemptions: Understanding the intricate conditions and requirements for claiming exemptions under Sections 54, 54EC, and 54F can be complex and confusing for NRIs.
- Repatriation of Sale Proceeds: Navigating the rules and regulations set by the RBI for transferring funds from the sale of property abroad can be challenging and involve significant paperwork.
- Lack of Awareness and Guidance: Many NRIs may not be fully aware of the specific Indian tax laws related to property sales and the available tax-saving mechanisms.
- Double Taxation: NRIs might face the possibility of being taxed on the capital gains not only in India but also in their country of residence, leading to a higher overall tax burden.
- Compliance and Penalties: Ensuring timely filing of income tax returns and adhering to all compliance requirements is crucial to avoid penalties, but it can be difficult for NRIs living abroad to manage these processes.
- Logistical Hurdles: Selling property from overseas involves logistical challenges such as finding buyers, managing paperwork remotely, and dealing with potential time differences.
- Understanding Indexation: Comprehending how indexation benefits work for calculating long-term capital gains (for pre-July 23, 2024 transfers) can be difficult for those not familiar with the Indian tax system.
- Legal and Title Issues: Ensuring the property has a clear title and dealing with any legal formalities can be more complex for NRIs who are not physically present in India.
- Recent Changes in Tax Laws and TDS Rates: The frequent amendments and updates in tax regulations, such as the changes in LTCG tax rates and TDS rules based on the date of transfer, can create confusion and make it difficult for NRIs to stay updated.
How Zenify Consultancy Can Provide Assistance to NRIs:
Zenify Consultancy specializes in NRI taxation and can offer invaluable assistance to NRIs navigating the complexities of capital gains tax on property sales in India. Our expertise can help in several key areas:
- Expert Guidance on Tax Laws and Planning: We possess up-to-date and in-depth knowledge of the latest Indian tax regulations applicable to NRIs. We can provide accurate and tailored advice based on an individual’s specific situation, helping you understand your tax obligations and plan your property sale in a tax-efficient manner.
- Facilitating the Utilization of Exemptions: We assess an NRI’s eligibility for various capital gains tax exemptions under Sections 54, 54EC, and 54F. We can guide NRIs on the specific conditions and requirements for each exemption and help them structure their transactions and investments to maximize these benefits.
- Managing TDS and Form 13 Applications: We assist NRIs in understanding the implications of Tax Deducted at Source (TDS) on their property sale proceeds. We guide them on the process of applying for a lower TDS certificate by correctly filling and submitting Form 13 to the Income Tax Department, ensuring all necessary documentation is in order.
- Ensuring Compliance with Indian Tax Regulations: We help NRIs stay compliant with all the requirements of the Indian Income Tax Department. This includes assisting with the timely filing of income tax returns, ensuring that all income from the property sale is accurately reported, and that all applicable deductions and exemptions are claimed correctly, thereby avoiding potential penalties.
- Navigating Repatriation Rules and Procedures: We provide clarity on the guidelines and limits set by the Reserve Bank of India (RBI) for the repatriation of sale proceeds from India to the NRI’s home country. We also assist with the preparation of the necessary documentation, such as Forms 15CA and 15CB, to ensure a smooth and compliant transfer of funds.
- Accurate Calculation of Capital Gains Tax: We accurately calculate the capital gains tax liability for NRIs, taking into account the holding period of the property, the date of transfer, applicable indexation benefits (if any), and the relevant tax rates. This ensures that NRIs have a clear understanding of their tax obligations.
- Addressing Double Taxation Issues: We advise NRIs on the possibility of claiming tax credits or other relief in their country of residence under the provisions of Double Taxation Avoidance Agreements (DTAAs) to avoid or minimize the burden of being taxed on the same income in two countries.
- Providing Clarity on Complex Procedures: We simplify the often complex tax procedures and provide clear, understandable guidance to NRIs, who may find it challenging to navigate the intricacies of the Indian tax system from overseas.
- Peace of Mind and Reduced Stress: By entrusting your tax matters to us, NRIs can gain peace of mind and reduce the stress and anxiety associated with managing their tax obligations related to property sales in India.
- Guidance on New Tax Legislation: With the introduction of new tax legislation like the Income Tax Bill 2025, we analyze these changes and provide NRIs with clear guidance on how these new rules might affect their property transactions and overall tax planning in India.
