#NRImoneyclinic #NRI #nripropertyselling
SELLING OF PROPERTY BY NRIS
Tax Implications
Repatriation Implications
2.15 To 4.30
SELLING OF PROPERTY BY NRIS
Buyer Has To Deduct TDS
TDS amount Varies On Case To Case Basis
May Involve Complex Calculations
Seller Is Liable To Pay Taxes Even If Buyer Fails To Deduct TDS
You Must Consult A Chartered Accountant Before The Deal
Tax liability Can Be Predetermined By IT Officer
4.55 To
SELLING OF PROPERTY BY NRIS
Property Held For More Than two Years
Long Term Capital Gains Tax Applies
Indexation benefit Is Available
6.15
SELLING OF PROPERTY BY NRIS
Better Get Your Tax Liability Assessed Prior To Sale
Prevents Waiting For TDS Refund If Excess Is Deducted
6.40
SELLING OF PROPERTY BY NRIS
Indexation Benefit: How It Works ?
Reduces Tax Impact
For Old Properties Fair Market Value of 2000 Is Considered
8.15
SELLING OF PROPERTY BY NRIS
Repatriation Of Proceeds
Property Purchased From Indian Source
Repatriation Permitted Under LRS
LRS= Liberalised Remittance Scheme
Per Year Limit Is $250,000
9.15
SELLING OF PROPERTY BY NRIS
Repatriation Of Proceeds
Property Purchased From Inward Remittance From Abroad
Up To $ 1,000,000 PA Can Be Repatriated Without RBI Permission
Amount In Excess Of this Needs RBI Permission
Maintain Proper Records Of Funding For Purchase
10.25
SELLING OF PROPERTY BY NRIS
A MUST REMEMBER THING TO DO
File Form 15 CA And 15 CB
12.00
SELLING OF PROPERTY BY NRIS
Selling Of Inherited Agricultural Land
NRIs Are Allowed To Inherit Agricultural Land
NRIs Are Allowed To Gift Of Agricultural Land From Relative
NRIs Are Allowed To Sell Agricultural Land
Repatriation Only As Per LRS
13.15
SELLING OF PROPERTY BY NRIS
Selling Of Inherited Property
NRIs Can Sell & Repatriate Proceeds
Specific TDS Provisions For NRIs Will Apply
Repatriation Under LRS Scheme
Consult Your Chartered Account Before The Deal
Inherited Property Can Be Gifted To Family Members
Gift Within Family Does Not Attract Income Tax
16.40
SELLING OF PROPERTY BY NRIS
How To Save On Capital Gains Tax Payable ?
Provisions Only Apply For Long Term Capital Gains Tax
By Reinvesting Capital Gains In Another Property
By Reinvesting Sale Proceeds In Another Property
By Reinvesting funds In Specified Bonds By Govt – Max 50 Lakhs
Consult Your Chartered Accountant For Applicability For You
To know more about our business and our business model please watch the below video
Our Website: www.nrimoneyclinic.com
Whatsapp: 00971 55 548 4472
RERA – How It Protects Investors And Helps Development Of The Real Estate Industry ? By DB Mehta
https://youtu.be/YIz43EiFxl0