Overview
Selling property in India as an NRI involves complex tax, legal, and financial considerations. We provide end-to-end assistance to ensure a smooth transaction, covering pre-sale planning, sale execution, and post-sale compliance. Our services help optimize tax liabilities, facilitate reinvestment, and ensure seamless repatriation of funds to your home country.
Documents Required
- Property Documents (Title Deed, Sale Agreement, Encumbrance Certificate)
- Identity Proof (PAN Card, Passport, OCI Card)
- Bank Account Details (Indian and Foreign Bank Accounts)
- Tax-Related Documents (Form 26AS, Previous Tax Returns)
- Reinvestment Proof (if applicable, for tax exemptions)
Benefits
- Optimized Tax Planning: Reduce tax outflows through reinvestment and treaty benefits.
- Compliance Assurance: Ensure legal and regulatory adherence in India and Australia.
- Efficient Repatriation: Hassle-free transfer of sale proceeds to your home country.
- Expert Guidance: Professional support throughout the transaction process.
- Double Taxation Relief: Minimize or eliminate double taxation.
How We Can Help You
Pre-Sale Assistance
- Strategic tax planning for reinvestment, repatriation, and global tax optimization.
- Connecting with real estate consultants to facilitate property sale.
- Obtaining lower tax deduction certificates to minimize upfront TDS deduction.
During the Sale Process
- Accurate computation of capital gains and tax liabilities.
- Assistance in reinvestment for tax benefits and higher returns.
- CA certification for smooth repatriation of funds.
- End-to-end support during sale and registration.
Post-Sale Assistance
- Filing of income tax returns.
- CA certificate issuance (15CA/15CB) for seamless fund repatriation.
- Guidance on claiming Double Taxation Treaty benefits to minimize tax burdens.
- Support during Income Tax Assessment Proceedings (if required).
FAQs (Frequently Asked Questions)
1. How can I reduce my tax liability on property sale?
You can save tax by:
- Reinvesting in another property (Section 54 of the Income Tax Act)
- Investing in Capital Gains Bonds (Section 54EC, up to ?50 lakh)
- Applying for a Lower TDS Certificate
2. Do I need to file a tax return in India after selling my property?
Yes, NRIs must file an Income Tax Return (ITR) in India if they have taxable capital gains.