Sale of Property in India by NRI’s

One of the many lucrative investment opportunities in India includes the real estate market particularly in growing cities. Many non-resident Indians have invested in residential and/or commercial properties in India either for the sake of investment or otherwise. The flip side, however, for most NRI’s is the task of managing and selling, disposing off or reinvesting these assets in India. Aside from the practical difficulties of travel and connecting to buyers, sale of property by NRIs attracts a higher rate of tax deduction at source, locking up much needed funds in India. The process of sale, re-investment and repatriation requires a few months to complete, considering the related tax and regulatory requirements.

We are in a unique position to offer a complete package of solutions in relation to sale of real estate in India by NRIs. We hand-hold our clients right from the planning phase prior to sale of their property all the way up to repatriation of the proceeds thereon and ensuring that your tax returns are seamlessly filed in both countries along with DTAA benefits, if any.

• Pre-sale tax planning – Understanding your options including re-investment, repatriation, resultant cash flows and possible global tax mitigation strategies

• Connecting you to empaneled real estate consultants

• Obtaining a lower tax deduction certificate from Income Tax Department (subject to PAN jurisdiction) – This allows you to restrict the Tax deducted at source to the extent of tax required to be paid on capital gain resulting from property.

• Computation of capital gains

• Assisting in reinvestment of proceeds

• CA certification for repatriation & remittance of funds

• Filing of Income tax returns in India

• Filing tax returns in your Country of residence (USA/ Singapore/ Australia)

• Availing Double Taxation Treaty benefits in your returns

• Assistance with income tax assessment proceedings, if any.