🏡 Can NRIs Sell Property in India?

Yes ✅ — NRIs are allowed to sell:

• Residential property

• Commercial property

• Land (other than agricultural/plantation/farmhouse land)

Restriction: Agricultural land, plantation property, or farmhouses can only be sold to resident Indians.

💰 Taxation on Property Sale

When an NRI sells property in India, taxation depends on the holding period:

1. Short-Term Capital Gains (STCG):

   • Property held for less than 24 months.

   • Gains taxed as per income tax slab rate.

2. Long-Term Capital Gains (LTCG):

   • Property held for more than 24 months.

   • Taxed at 20% with indexation benefit.

🔹 TDS on Sale of Property by NRIs

• Buyer must deduct TDS at source before making payment.

• 20% TDS on Long-Term Capital Gains.

• 30% TDS on Short-Term Capital Gains.

• Plus applicable surcharge & cess.

👉 Many buyers mistakenly deduct TDS on the entire sale value instead of just the capital gains.
📌 Solution: We help NRIs obtain a Lower TDS / NIL Deduction Certificate from the Income Tax Department.

🔹 DTAA Advantage

If you live in a country that has a Double Taxation Avoidance Agreement (DTAA) with India:

• You may be able to claim relief and avoid double taxation.

• Example: An NRI in the USA selling property in India can set off Indian tax paid against US tax liability.

🔹 Repatriation of Sale Proceeds

After selling property, NRIs can repatriate the funds abroad under FEMA guidelines:

• Proceeds must be deposited in an NRO account.

• Up to USD 1 million per financial year can be repatriated after paying taxes.

• Requires CA certificate in Form 15CB and Form 15CA filing.

🔹 How to Save Tax on Property Sale

NRIs can claim exemptions under Income Tax Act to reduce or eliminate capital gains tax:

• Section 54: Invest in another residential property.

• Section 54EC: Invest in government bonds (NHAI/REC) within 6 months.

• Section 54F: Exemption for sale of other assets if proceeds are reinvested in a house.

🌟 WizBiz Pvt. Ltd. – Your Property Sale Partner

We assist NRIs with:

• ✅ TDS Management – Apply for NIL/Lower TDS Certificate.

• ✅ Capital Gains Calculation – Accurate tax planning with indexation.

• ✅ DTAA Relief – Ensure no double taxation.

• ✅ Repatriation Assistance – Compliance with FEMA rules for sending money abroad.

• ✅ End-to-End Support – From documentation to filing and tax exemption planning.

📞 Sell Smart, Save Smart

Selling property in India as an NRI involves multiple legal, tax, and compliance steps. With expert support from WizBiz Pvt. Ltd., you can maximize your returns, minimize taxes, and repatriate funds smoothly.

👉 Contact us today for a consultation on property sales in India for NRIs.

WizBiz Pvt. Ltd. – Simplifying Property Sales for Global Indians