NRI Capital Gains

Overview

NRIs (Non-Resident Indians) selling immovable property in India are subject to capital gains tax under the Income Tax Act. The tax implications depend on factors such as the period of holding, acquisition cost, and mode of acquisition (purchase, gift, or inheritance). Proper tax planning can help NRIs minimize their tax liability while ensuring compliance with Indian regulations.

Documents Required

NRIs need the following documents for selling immovable property in India:

Property Documents (Sale Deed, Purchase Agreement, or Gift/Inheritance Documents)
PAN Card (Mandatory for tax compliance)
Aadhaar Card (if applicable)
Bank Account Details (Preferably an NRO Account for transactions)
TDS Payment Proof (If applicable)
Capital Gains Calculation Statement
Registered Sale Agreement
Tax Exemption Proofs (If claiming exemptions under Sections 54, 54EC, or 54F)

Benefits

Tax Efficiency

Proper tax planning can help in reducing or deferring tax liability.

Legal Compliance

Ensuring adherence to Indian tax laws and FEMA regulations.

TDS Refund (if applicable)

NRIs can claim a refund or obtain a lower TDS certificate to avoid excessive tax deduction.

Repatriation of Funds

Assistance in transferring sale proceeds abroad as per RBI guidelines.

How We Can Help You

At A Square Finserv, we offer expert assistance in:

Capital Gains Tax Calculation & Compliance
Tax Planning to Reduce Tax Liability
Obtaining a Lower TDS Certificate from the IT Department
Guidance on Repatriation of Sale Proceeds
Advice on Exemptions under Section 54, 54EC, and 54F
Ensuring Compliance with FEMA & RBI Guidelines

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Our FAQ

Answers To Your Questions

What will be the cost of immovable property acquired through inheritance or gift?

For inherited or gifted property, the original cost of acquisition (by the previous owner) is considered, along with indexation benefits if applicable.

Why is Stamp Duty Valuation important?

Under Section 50C, the sale value cannot be lower than the Stamp Duty Valuation (Circle Rate), and the higher of the two is considered for tax purposes.

How can NRIs reduce or avoid capital gains tax on property sales?

Invest in another residential property (Sec 54)
Invest in Capital Gains Bonds (Sec 54EC)
Reinvest in specific assets (Sec 54F for reinvestment in a new property)

Have Questions About Something?

Talk To Us

+91-8376000125

Email

support@asquarefinserv.com

Our Location

Unit No.206, SS Plaza Sector-47, Gurgaon, Haryana-122018