Complete Property sale guide for NRIs 2024 | Lower TDS Certificate

#nri #nripropertyselling #aktassociates
Hi, Don't miss this if you are an NRI and planning to sell property in India
This Channel is dedicated to NRI Friends and planned to help them in, four areas
1) NRI Taxation, DTAA, and FEMA Compliance
2) NRI Property matters
3) NRI Legal matters, such as Will, Inheritance, Family Settlement, etc
4) NRI Investment matters in India
Pls feel free to ask your queries and I will surely study, Consult, and make a Video on that or at least answer in the comment section. Kindly note please Don't leave personal information in the comment section and send such queries to
Client support Team on WhatsApp @ 8080088288 or
on Email - [e-mail], they will help you to answer your common queries and for specific queries, they will arrange an Appointment.
Pls, note there will be a nominal consulting fee for such an appointment which will be reduced from final fees if any work or assignment is provided to us. making consulting Free on the net.
I strongly recommend going through Channel first as most of the queries I have already answered before paying for consulting.
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#nri ,#aktassociates ,#nripropertyselling, #nri,#NRIRealEstate,#NRICommunity

[@DesignSpringBusiness]

NRI stop showing interest to buy lad or commercial or any other property because of no strict law . It is hard earned money

[@sharadjain588]

Very well explained step by step from beginning to conclusion of the whole sal procedure

[@AKTAssociatesOfficial]

@sharadjain588 I'm glad you liked the video

[@jeyram1872]

Thank you, explained the procedures very well.

[@AKTAssociatesOfficial]

@jeyram1872 Glad you liked it

[@ashwinshetty1501]

Good video... Thank you

[@AKTAssociatesOfficial]

@ashwinshetty1501 Glad you liked it

[@anoopbhagat5957]

It was told at beginning of video you will be explaining about how to apply for low tds but there was nothing regrading it how to apply on whole video. Its nit correct. Otherwise whole video was knowledgeable and good. Thank you.

[@beniwalgs3331]

Well explained sir

[@AKTAssociatesOfficial]

@beniwalgs3331 Thank You 😀

[@beniwalgs3331]

@@AKTAssociatesOfficial sir whats implications when NRI buys brother ancestral plot with in municipal limits. ?

[@sharadjain588]

Its a brilliant well presented step by step guide for NRIs contemplating to sell their property in India. I have two queries,which remain after watching this video again and again,which I am sure your team can answer: 1-Before the Agreement to sale(ATS)/First agreement to sale ,is registered,the buyer pays a contribution payment,say for example 20 or 30% of total sale value.Is the Lower TDS(LTDS) deductible on this amount or not? If not,Is it therefore avisable to take this payment once LTDS certificate is received.2-As part of whole package,would your team be able to provide a language template for initial MOU, ATS and final sale deed. Many thanks

[@prasadomprakash5077]

Thanks a lot sir

[@AKTAssociatesOfficial]

@prasadomprakash5077 Most Welcome

[@shackworks]

You have explained the procedure very well. Thanks. I will be writing to you shortly. I'm an NRI living in Australia with an inherited property in India that I want to sell.

[@AKTAssociatesOfficial]

We're glad that you found this video helpful. You can reach out to us by contacting our NRI Desk at 8080088288 or email us at [e-mail].

[@lakshmiyellepeddy3232]

😊

[@sumanbhakta2816]

Procedure to sell explained properly - can you advise if advertising for no objection in the newspaper is necessary for sale of agricultural land

[@caaruntiwari3170]

Not It's not mandatory for seller,

[@beniwalgs3331]

Please video explain what need to be done when NRI buying ancestral property from resident brother sister.

[@AKTAssociatesOfficial]

Contact our NRI Desk they will help you out, Call 8080088288 or email us at [e-mail].

[@ramgupta7944]

Very well explained. Thanks. I understand from your video that an NRI’s CA can apply for actual applicable TDS (applicable on Long Term Capital Gain) before a buyer offer. Please confirm that my understating is correct.

[@AKTAssociatesOfficial]

You need to have a buyer first because the buyer's TAN number and sale agreement should be ready before applying for a lower TDS certificate.

[@mukundshah8466]

Nri selling property and buying another property in india with the enitre amount of sell proceeds is tax payable on the first sell of property ?

[@AKTAssociatesOfficial]

No tax on NRI property sale if proceeds are fully reinvested in Indian property Contact our NRI Desk at 8080088288 or email us at [e-mail] to know more

[@benedictgeorge6843]

Sir, is there any model MOU ,if it's such pl put up.

[@AKTAssociatesOfficial]

You can easily find out on the Internet. If you have any questions feel free to free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@stanydiana]

Hi please make videos on how to retire US citizens in india. How to get Social security deposit in Indian banks. Pros and cons.

[@AKTAssociatesOfficial]

Noted! Stay tuned

[@hitechyou]

Nice info and thanks. I have 2 queries. 1. is there any timeline period to re-invest after selling the property by NRI in India. 2. can we invest back again on land? if yes, then is construction mandatory on that land?

[@AKTAssociatesOfficial]

1. Yes, there's a timeline for reinvestment. NRIs typically have 2 years to reinvest capital gains from property sales to claim tax exemption under Section 54 of the Income Tax Act. 2. Yes, reinvestment in land is possible, but for tax exemption, construction on the land might be mandatory. For more information contact our NRI Desk at 8080088288 or email us at [e-mail]

[@DesiMenezes]

If you have a Tax FREE INVESTMENT LIKE mAX lIFE iNSURANCE, IN iNDIA WOULD YHAY BE CONSIDERED AS CAPITAL GAIN if you want to transfer the funds abroad?

[@AKTAssociatesOfficial]

It might not count as capital gain, but it depends on the source, amount, and local laws. For more details contact our NRI desk @ 8080088288 or email us at [e-mail]

[@lakshmiyellepeddy3232]

Please explain the position if the property is owned jointly by NRI & Indian citizen

[@AKTAssociatesOfficial]

If a property is owned jointly by an NRI and an Indian citizen, the NRI pays 20% TDS on the sale value, while the resident pays 1%. For more information feel free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@anandsingh7004]

Please if NRI want to sell property and if let’s example sale value 1 cr and lower TDS amount is 7 lakh rupees, but now NRI want to reinvest 1 cr again, so my question is this is it need to pay that 7 lakh or not because 7 lakh my buyer have to cut and submit TDS but if I want to reinvest then how much my buyer pay TDS.

[@AKTAssociatesOfficial]

You have to reinvest whatever capital gain you received into Govt bonds or residential property For more info contact our NRI Desk at 8080088288 or email us at [e-mail]

[@Gyan-Merchantry]

Question - can the reinvestment of profits on the sale of the property be outside India? (USA)?

[@AKTAssociatesOfficial]

You cannot claim tax exemptions if you reinvest in the USA, you must reinvest in India to receive benefits. For more information feel free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@MoMo-nh3ru]

How long is this lower TDS certificate good for ? I may have prospective buyer for now but what happens if he backs out and I can’t find buyer for another 6 months ?

[@AKTAssociatesOfficial]

The lower TDS certificate is valid for the financial year it's issued in. for more information contact our NRI Desk at 8080088288 or email us at [e-mail]

[@Gyan-Merchantry]

Which city are you guys having offices / located in?

[@surinderbrar4249]

My question is if Capital Gain and TDS are different or same thing. For example if there is NRI , who plan to sell inherited ( in 2008) rural agriculture land ( 20 km outside muncipality limt worth 1 crore rupee which has no Capital gain and NRI has no income in India. If TDS will be deducted on this sale, if yes if he can get nill tds cerificate from income tax thro your service and then buyer don't deduct tds.

[@AKTAssociatesOfficial]

Both things are different, If you are selling any property in India you have to deposit TDS (Maximum 23.92%) without applying LTDS. Then, if no capital gain arises, you can claim a refund while filing an ITR. For more information feel free to free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@someshkumar3748]

Considering sale valur as 1.5CR and NRI seller does not get a lower tds, buyer has to deduct around 23% tax, now buyer has to pay 20% down payment (80%is loan) , how shall we proceed, does bank transfer 3% excell to buyer and rest 77% goes to seller

[@AKTAssociatesOfficial]

We have to do calculation, please contact our NRI desk @ 8080088288 or email us at [e-mail].

[@peterpaulchimata9916]

Sir, my query is this: I am going to purchase a residential apartment from an NRI. She acquired this apartment as her share free of cost, from the builder with whom she entered into Development Agreement Cum GPA. How can I deduct TDS from the sale proceed and at what rate please? Thank you.

[@AKTAssociatesOfficial]

You should deduct 1% TDS, which the buyer must deposit in the name of the seller. For more information feel free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@samratchopra01]

how can NRIs take out more than the limit of 1 million dollars in a financial year on sale of property . If they sold the property for about 10 million dollars as an example, do they have to wait for 10 years to withdraw 1 million dollar in each year or can they withdraw the entire amount in a single financial year

[@AKTAssociatesOfficial]

What NRIs can do is seek approval from the RBI to repatriate the entire amount in one financial year. For more information contact our NRI Desk at 8080088288 or email us at [e-mail]

[@abhishektyagi5893]

Sir, if seller is not disclosing that he is NRI, and buyer is not aware about the seller residency Status, how buyer can be safe with tax recovery from him or any penalty in future if arises, can we take any documents from the seller for the safety point of view

[@AKTAssociatesOfficial]

Contact our NRI Desk at 8080088288 or email us at [e-mail]

[@abhishektyagi5893]

@@AKTAssociatesOfficial It was really helpful interaction and all queries were attended by you. Thank you so much sir 🙏

[@tharunkumar9048]

How long will it take to get tds certificate

[@AKTAssociatesOfficial]

It may take 30 - 45 days to get a Lower TDS Certificate. For more details Contact our NRI Desk at 8080088288 or email us at [e-mail]

[@rahulsureja1599]

I heard NRI selling the property it’s tax free in NRE account.

[@AKTAssociatesOfficial]

Not quite, NRIs may have tax on capital gains, but account type won't affect it Contact our NRI Desk at 8080088288 or email us at [e-mail] to know more

[@mukundshah8466]

Interest earned in NRE account is tax free.

[@Gandhikrishna79]

If i sell a property within a year, can I apply for Lower tax deduction?

[@caaruntiwari3170]

@@Gandhikrishna79 No It is for Long term Capital gain

[@rasee100]

The sale proceeds after TDS will have to be credited to NRO account. No question about NRE tax exemption here. Person has to file IT return showing Capital gains and claim refund.

[@israelmohr]

"promo sm"

[@pachainatarajan8484]

where are you located and how much you charge me as a seller?

[@AKTAssociatesOfficial]

Our office is located in Navi Mumbai, but we provide services all over India. To get to know our charges feel free to contact our NRI desk at 8080088288 or email us at [e-mail]

[@isohi1429]

@@AKTAssociatesOfficial

[@DesiMenezes]