The exact steps, forms, and tax implications when an NRI sells house property in India.
If you are an NRI selling property in India, the buyer must deduct TDS at 20% (plus cess) on the sale consideration if it is a long-term capital asset. This applies even if your actual gain is lower.
You can apply for a lower TDS certificate (Section 197) from the Assessing Officer if the actual capital gains tax is less. This avoids locking up cash with the department.
Capital gains are computed after indexation for long-term assets held over 24 months. NRIs cannot claim Section 54F, but Section 54 (reinvestment in one residential property) is available subject to conditions.
After paying the tax, repatriation of sale proceeds is permitted up to USD 1 million per financial year. You need Form 15CA (self-declaration) and Form 15CB (CA certificate) before the bank releases the funds.
We handle the capital gains computation, lower TDS certificate, return filing, and 15CA/15CB end-to-end for NRIs selling inherited or self-acquired property.
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