NRIs Selling Property In India - All that you need to know - By D B Mehta
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- Опубліковано 8 лют 2025
- #nri #nrimoneyclinic #financialplanning
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ERRATA :
With respect to minor mistakes that have happened by slip of the tongue, please read below correct information to following time sections
1. Time Stamp 7.24 to 7.47 - Please read it as "Base Year Is 01.04.2001"( instead as 01.04.2000) -
2. Time Stamp 18.02 to 18.24 - Read It As "The number of properties ( two ) restriction is u/s 54F ( instead of section 54 )
3. Time Stamp 8.22 to 9.20, 12.49 to 13.01 & 14.44 to 16.30 - Read it as " The RBI Circular 8/2015-16 allows repatriation upto $ 1 Million for sale of properties which are from NRO funds or inherited properties '
DISCLAIMER : The Opinion expressed in the video or replies to the comments is only for information sake and viewers should seek professional advice before taking any decision "
Sir..what was not clarified was after filing taxes in india does one need to file again in US or abroad. Say one bought prioerty for 30L sold for 50L as per indexation 30L becomes 48L so capital gain is 2L and one pays tax on 2L gain. Does one need to pay 30% in US/abroad on 50L-30L as indexation does not happen in US.
@@AK-gr9qk you corectly asked the question. The expatriated money will be considered as income at other residing country? If we already payvthe CGT it should be treated as clear funds!
Too much of complexities
Thanks for this correction about time stamp. Another confusion, that I noticed. At time stamp 2:30 Mr Mehta says, “the tax rates can be very high depending on value of your property”. I think, what he means is, it depends on amount of capital gain, (not on value of your property).
.
This a genuine public service video. Thank you Dr Bhatt and Mr Desai.
Dr. Chandrakanta Bhat, what a great service you are giving to people like us, elderly parents with children overseas. Very clear and lucid....you have made it so understandable. In today’s world of money for everything, where people don’t tell you even the time of the day free, you are sharing such valuable professional knowledge, for free. Thank you Sirs.
Thankyou very much Sir for such clarity on this topic.
I have a question, we live in SAUDI and we bought a plot in india by paying the money in SAR tour freind and he in turn paid to the person concerned and we were given the plot documents on our name in 2006. However, we do not have any bank records or payment details for this particular property except the ORIGINAL AGREEMENT ON OUR NAMES. SOincase we have to sell the property tomorrow how do we go about it ? Please advice.
@@shrideviraokyou need a property lawyer
In many years, first time I got a clear picture of the amount of steps I need to go through before and after selling property. Thank you very much to Dr Bhatt and Mr. Desai.
May be you should do a calculation for an NRI property sold for 1 Crore with all the deductions and implications and how much one can expatriates etc.
Pertinent questions and excellent elucidative answers by Mr. Mehta. These questions have become so topical and relevant in view of the large no. of migration of Indians to foreign shores. Thanks to both of you.
Great (Free) Service. Valuable information that's not easily available. Sharp and right questions and unambiguous, straight forward answers. Thank you
Thank you so much . Please subscribe and keep sharing the videos
Very good explanation and interview. My MIL is an Indian citizen with a green card, I'm a U.S. citizen with an OCI card. She wants me to visit India and handle her property matters since she cannot travel. This program gives us a very good idea of what we need to do and look at.
Thank for providing such an important information. My advice is based on my personal experience: 1. Buy the property when it is ready to be delivered. 2. Ensure that Authorities are in the process of registering such properties and will accept the POA in case required.3.There must be a very trusted person who can follow-up procedures on your behalf, or you have a lot of time to be present in India, 5. Please note that if the property is vacant, it can be occupied by someone; Any legal action may take many years to conclude, not necessarily in your favour. I hope the government makes new laws for NRIs and PIOs to buy and sell properties in India. Legal actions must be settled on priority basis for those living abroad.
Ranjit..good advice..this video gives theoretical perspective,it does not mention about typical …baboo Jee..fees n bribes to keep your case active n other official corruptive practices. ..unfortunately..it is sickening n time wasting process ..in big transactions CAs n officials associated official might ask their bigger share under the table..so be careful..just save your hard earned nickels n dimes overseas.. n..live happily ever after..
Beware.. tricky people can fiddle land registry records and deprive you of your land .Legal proceedings takes generations and tons of cash .
As USA citizen I am canceling my plan to invest in India . Was dreaming of beautiful bungalow. This talk showed how much headaches I will have in future. I don’t want headaches when I am old. After watching half video only I got scared 😱 to hell
Gd job Manju..save your hard earned nickels n dimes n live happily ever after..
Proud to be living in my own country Bharat
Exactly ❤same with me I will not buy anything in India as lot of headache 🤕 and crazy Indian laws
U can invest and gift it to your family member. No headache.
Good decision. I am selling a property. Shocked to learn that income tax refund will take 2 years! Compare this with 5-10 working days in the US. And they say India has progressed and is investor friendly!
Namaskar Sir
Plse start similar videos on taxation in India for all types of assessees... as the initiative taken by you Sir is extraordinary in terms of quality and presentation so it must help Indian citizen too in general.
Regards for your greatness to share knowledge as times demand.
Just accidentally came across this video. Very helpful information. Thanks very much.
It’s time for NRI’s to stop investing in real estate , they are better off investing in the country they live.
You have a point . You dont need to be too pessimistic. Please subscribe and keep sharing the videos
absolutely right
I agree with you. We are treated by govts like milking cows.
Ditto...regret investing in India..starting from the chaprasi to the top most officer they are all super theives..all are after money . NEVER invest in India
I regret having property in India... 😢
Because of these bureaucracy issues and super high tax no one wanna do business here
Very informative and educational. Plain simple language, no rush or jargon. Thanks a lot.
Excellent Video. Sharp and to the point explanation referring to respective I-T application sections. Thank you! Dr. Mehta is articulative.
Thank you for your insightful video on tax matters. I truly appreciate the effort and clarity you put into explaining such a complex topic. Your guidance has been incredibly helpful in understanding the nuances, and I feel much more confident about handling these issues. Looking forward to more informative content from you!". "My mother, a U.S. Green Card holder, is planning to sell a property in India. She will likely stay in India for more than 182 days during the financial year, and the property value is ₹1.5 crore. Could you please clarify the following:**
TDS Rate: What TDS rate will apply in this scenario-1% as a resident or 20% as a non-resident (NRI)?
Residential Status: Does her Green Card status or extended stay in India (more than 182 days) determine her tax residency for the sale?
Tax Filing Requirements: After the sale, what steps are necessary to file taxes in India, claim refunds (if applicable), and comply with Indian tax laws?
FEMA Compliance: If she wishes to repatriate the proceeds to the U.S., what documents and processes are required under FEMA regulations?
Thank you for your guidance on this matter."
Very valuable advice, thank you. I sold my property in India but my CA refused to complete the 15c and 15A forms.
Very useful topic and very well presented & explained. Thank you.
Dr Chandrakant-avare, Wonderful Video with a LOT of Useful Information for us NRIs. Dhvd 🙏🙏🙏
Thank u so much sir I am at Australia I have very small house in India I was very much confused about nri now little bit understood ,thank u again u r given good explanation,expecting some more details.
Superb! Cleared some of my queries!
Thanks!!
Very good information for NRIs planning to sell and repatriate the money from it.
Thank you . Please subscribe and keep sharing the videos
Dear friend, thanks for sharing this valuable information for NRI's. However the tax slab is changed from april 2022. So better to update this video accordingly
After getting permanant residence there is no point investing in India. Between complex hoops of selling and repatriating, combined with depreciating currency, end result is not much gains.
Dear Mr. Mehta, Very helpful information. However, very less or no information is available for the situation of NRI selling property to NRI in India. Please add some information.
Very useful information I was trying to find by talking to many tax consultants in India! Thank you for your complimentary service 🙏
There is no point in investing inreal estate in India. Both buying and selling side complications are huge, moreso for NRIs.
Very well video! Extremely thankful for doing this.
Very useful information Dr Bhatt and Mr Mehta. I am permanently living in the UK and planning to sell my house and the plot back home
Thank you very much for your kind words. Please subscribe and keep sharing the videos
It's very Good Knowledge based video, Thank You SirJi
Very well explained. Added value to my knowledge. Thanks.
WE ARE SO THANKFUL TO YOU FOR SHARING SUCH USEFUL INFORMATION HERE AND WOULD LIKE TO CONNECT WITH YOU PERSONALLY AS WELL. THANKS ONCE AGAIN FOR HOLDING THESE EXCELLENT FINANCIAL CONVERSATIONS
Very informative and useful session Dr Bhatt and Mr Mehta
Thank you so much for your kind words. Please keep sharing the videos
If you (NRI)are selling inherited property, you can repatriate full amount.You have to show the deceased was assessed to tax, had paid taxes, you inherited it by a Wii.You have to get probate from the court , submit it to your bank and the bank will remit it to foreign bank.In my case it was city bank at both places.The bank had concerted the amount from NRO to NRE and then remitted it.This happened some 5 yrs ago so I have forgotten exact details.
Very interesting , valuable information.
Merci beaucoup infiniment pour vos renseignements .
The TDS is on the sale amount not on the capital gain. Filing Form13 seeking a waiver or correct tax is a tedious process that many CAs dont know or wont do it. Even if filed it will take 1 year to get it. It will take one year to get back the TDS suppose if your sale ends in capital loss. Buyer has to apply for TAN. It is complicated and time consuming
Very bad system. Which NRI would like to get stuck by depositing 25% of sale proceeds with govt at the time of selling. Any purchase will be sold at some point. So one must realize 25% is at the mercy of tax authorities and is inaccessible for 1-3 years.
so complex in India , no point in investing in India as Investments in real estate,. For living its ok. If you want to do fully right its extremely difficult
you have a point . Please subscribe and keep sharing the videos
After the sale money can be kept in govt bonds for 5 years. Put the tax return. Get the tax back to a large extent
Renters law should be as USA... that any owner can evacuate in a month... and renters must not have positions to go to court... tax are too high in India....
Thank you very much. Excellent information provided in a clear concise manner.
Sotuation is not that difficult as it is made out to be. One needs to consult the right CA and follow the procedure.👍
Outstanding session. Thanks to you both.
Great service. Information packed.
Take from my personal experience. Unless you are thinking of permanently of moving to India at some point or buying for your parents or siblings. Do not buy from an investment perspective too much hassle for too little profit (or lack of it after maintenance cost, tax etc.). In fact if you had purchased 10 years back you are at loss because rupee has depreciated more against dollar/Euro than property value appreciation.
Your point of view is appreciated . Please subscribe and keep sharing the videos
Exactly , I sold my home in India in 2013 and to avoid too much taxes , invested in some specified bonds . Put the remainder money from the sale in to a repatriable account Earning interest as high as 8% . Which was way more than I got overseas .A friend rebuked me for selling and said , the property would appreciate tremendously and I gave him the same answer . There is no point keeping it since the rupee is falling faster compared to the property and not worth the headache
Thanks for such a good video. It covers so many questions and most scenarios that we may come across.
Congratulations Mr D B Mehta. very well done. Kindly inform as - after how much time the NRI person can sell the property that they had received as gift from a relative, without any TAX liability.
The one point he missed out saying for the benefit of viewers is if the property to be sold is in joint names, each joint holder can invest in Capital Gains Bonds up to Rs.50 lakhs each. Eg. If the property is in the joint names of husband and wife, each spouse can invest in Capital Gains Bonds up to Rs 50 lakhs each ( Total of Rs.1 Cr. In this example).
Certain clarifications are further required.
1. Proceeds of how many real estate properties can be repatriated by an NRI?!
2. If there is a limited number of properties that can we repatriate excess number of properties and if so how?
3. Like inherited property NRIs have properties that were purchased before becoming NRIs. How to deal with such properties.
Citibank takes 2 months to repatriate. Worst bank to repatriate money
it is best to be aware of these facts as religeous organisations are into property market and selling these to gullible people like myself and hundreds of followers without explaining implications of complex tax issues and remitting after sale and TDS collection before sale.An eye opener and thanks for sharing this info
Excellent episode. Very informative
immensely valuable. well done and thank you.
Very well explained many doubts cleared. Please explain in more detail about gifts to NRI children and grand children, quantum and procedures involved
Mr. Metha, thanks for sharing in-depth knowledge about this matter. Cold you also please give another presentation regarding those who are foreign citizens and have OCI card holders? Thanks
Excellent inciteful session
So clearly explained...clear and simple
Is that india Government is very poor to make money of 30% and/or 20% plus surcharge of 20% minimum from NRI selling property? This tax rate is absolutely unfair and need a revision.
Why can’t all these relevant information is not accessible by any one from respective departments. Anchor being a certified chartered accountant goes on explaining how complicated is the process and a common public how can they navigate the maze.
Very good information given by you. I liked the way you have covered such complex subject in simple language. Thanks 🙏🏼
Fabulous video!! Thanks for sharing your knowledge
Thank you for the very useful information for NRIs. Thank you for the efforts.
Absolutely clear explanations.Thank you.
Thanks for your feedback. Please subscribe and keep sharing the videos
Thanks alot Sir for this video.. superb content with full clarity.
Thank you. If NRI purchased one small apartment for renting purpose for retirement purpose but he will back permanently to india
Thanks for sharing the information and articulating in a simple fashion!
Lots of knowledge. Great value to me.
I would like to disagree with the expert that these days it does not take like 2 years to get your refunds. I know of cases where the TDS on sale pretty fast in 3 months of filing return and the amounts were not in thousands but in lakhs. Let us admit that there are huge improvements on filing returns online, transparency of processes / forms and last but not the least, the speed of getting your REFUNDS in time with INTEREST.
Well explained. Very informative. Thanks a lots. 👍
It is not TDS for NRI / non-citizen selling property in India it is TCS
Thanks Mr Mehata for detailed information
Always welcome. Please subscribe and keep sharing the videos
Thanks very very good information. Very helpful
Thanks for the detailed explanation about selling.
These tax systems are road blockes for investmenting back in India.
We are happy to pay tax. But lot of restrictions d complexities
Know of 3-4 friends from UK & US NRIs sold their properties in India due to old age & their children were not interested in settling in India. It’s less hassle to stay in Homestay or hotel than try to maintain their properties in India. It’s very practical to monitise their property at an age when there are uncertainties of age
Very useful information. Thank you so much! Very clear
Excellent. Mr Mehta has not confirmed if Sec 54, 54F or 54EC is applicable to NRIs.
Hello Sir , Thank you very much covering of subject and the information provided. All Information very necessary for every NRI to know.
Gain part of sale of house taxability, all procceds taxability if not invested in second house, agri land taxability 👍👍👍 in simple terms. 3 years investment for tax exemption and inflation indexation benefit.
It’s better for nri not to invest in Indian real estate not only they increase demand it’s difficult to sell
NRI mother gives power of attorney to her NRI son for sale a property… Consulate General of India allowed but objection raised by local authority in India saying both cannot be NRIs....please give advice in this matter.
Clear Indian tax system is so complex.
Very useful information.My question is regarding parents in India wanting to dispose off some property and send the proceeds to NRI children settled abroad.What would be the procedure.
Highly informative... Thanks a lot . What's the recourse for the NRIs if they find it difficult to find buyers who are willing to document full transaction price on the sake deed... This . I guess . is a big challenge to most NRIs...
Please share information based on latest Income Tax provisions (based on Assessment year 2024 - 2025). For property valued at Rs. 1.7 Cr.
very useful video thanks for creating it
Great video. Thank you
Very good presentation 👌
I regret not watching this video before investing in real estate in India.
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I was planning to invest in Indian realestate but glad I watched this video. Cancelled my plan. Who wants such headaches 😆 this talk scared me to hell
Thank you for this advise, it’s very informative and I’ve gained some very valuable information.
Indeed!
Thank you for giving value information and it is vey useful. We are expecting one more video on for Pre planning before going to US or any other country . My daughter is gout to a abrod for studies.Before leaving what are the planning to do on her name. Agriculture land , Plot,Commercial property, Shares, Mutual funds,Index funds,Gold & jwelary.
What if flat is jointly owned by 2 brothers, first owner is NRI and second owner is Indian resident? How the sale will happen?
Please also Explain about, What are the Income Tax Implications for Sale of Agricultural Land by an NRI ??
Good content and explanation. Thanks for sharing this!
You guys are creating great videos
Great informative video thank u
Thanks for sharing your thoughts!
Thanks for the valuable information.
Is it necessary to deduct TDS even if there is no capital gain either long term or short term ?
It do so very conflicting rules for NRI. In your episode of FEM,A NRI cannot have a rupee account. Now how an NRI can sell his property and take the money in rupees after selling his property when he is selling to a local citizen in rupees. Please answer this question. To clear the position for an NRI
It's very knowledgeable
thank you so much for this valuable information🙏
Sir I am regular viewer of your program. My son is in Canada. My wife is in India. We opened joined NRO NRE account in SBI. We want to buy car and house in India. Now SBI says you can’t buy car. To buy car your son should be present in India. Car can’t be bought on POA. We can buy house on POA. Please clear if yes under what law/ provision so that I can mention that to SBI. Thanks
Satpal Singh Bains
Canada