Help for NRIs Selling or Buying Property in India

Selling

Listing, visits, buyer coordination, registry support

Buying

Shortlisting, site visits, document checks via advocate

Your decision

Price, buyer and final terms

Selling a property while abroad

• Pre-sale inspection and minor repairs to present the property well.
• Listing on SiddhiSadan with photos; your number stays private.
• Buyer visits and negotiation updates.
• Document set: title chain, mutation, tax receipts, society NOC.
• Registry with you present on a visit, or through a registered POA.

Tax on sale by an NRI

When an NRI sells, the buyer must deduct TDS at non-resident rates and needs a TAN. Without a lower deduction certificate, buyers usually deduct on the full sale value, so apply for a certificate based on your actual capital gain before the deal. Your CA should compute the gain and file your return.

Buying as an NRI or OCI

NRIs and OCI cardholders can buy residential and commercial property in India, but not agricultural land, plantation property or farmhouses (these can only come by inheritance). Repatriation of sale proceeds of residential property is allowed for up to two properties, subject to FEMA conditions.

Payment must come through banking channels from NRE/NRO/FCNR accounts or inward remittance.

Taking the money abroad

Rent from Indian property should be credited to your NRO account. Money can be moved from NRO to your NRE or foreign account within the FEMA limit of USD 1 million per financial year, after taxes, using Form 15CA (and Form 15CB from a chartered accountant where required).