Complete Stepwise Property sell Procedure for NRIs in 2023 | Lower TDS Procedure Also Included

Hi, Are you An NRI planning to Sell your property in India and Confused? Then just watch this video to Understand the property sale Procedure with the NRI LTDS Certificate procedure as well and Confidently handle it.
To consult regarding NRI Taxation and get complete guidance directly with CA Arun Tiwari
Use the link below:-
rzp.io/l/akt-nri-tax-consulting
Please Note:- “This is Paid to consult and you need to pay Nominal consulting Fees of Rs 2499/-, Which will be reduced from final taxation fees.
So in Nutshell if you assign the Taxation assignment to us, Consulting will become free”.
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For any query which involves personal data please send it to the below mentioned email id.
Contact No- 8080088288
email- [e-mail]
Kindly note “if the query requires some work-out or further study there will be some consulting fees, Which will be reduced from final taxation fees.
So in Nutshell if you assign the taxation assignment to us, Consulting will become free”.
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For General Queries please post your queries in the Comment section
Either CA Arun Tiwari or Tax Team will reply to your query asap.
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[@jeyram1872]

Exceptional video, so much helpful to us, thank you

[@AKTAssociatesOfficial]

@jeyram1872 Glad it was helpful!

[@rambond7539]

Thank you! Very useful info

[@AKTAssociatesOfficial]

Glad it was helpful!

[@pthomas8327]

Capital gain tax is very very high in India now.. That tax pulls down sale and thus decreases Central tax income + livelihood of deed writers, clerks etc ( who depend upon deed servicing for livelihood) and decreases State Registration income. So it is a Total Mess taxation. This Tax helps no body, neither the seller nor Central or State Govts. Short term gains should be taxed at maximum 8% and long term at 5%>>. Then more sales will occur and thus more gains for Central and State Govts. And more smiles on the face of Deed writers etc.

[@surendra1786]

under which section tds will get deposited for token money and for final settlement? if there are two seller for 85L then they are going to counted for less than 50L. correct ?

[@nagarajabellamkonda4047]

What is time limit for validity for low tds or nil certificate without buyer. Is it necessary to mention expected sale price

[@mathewv27]

I have understood the video if I bought the property for 50 lakhs in 2009 and selling it for 75 lakhs in 2023, If I apply for LTDS. How much money I will receive from buyer. I have to take 15 lakhs as first part. After submitting LTDs buyer bank will deposit 55 lakhs. 5 lakhs buyer will deposit in income tax, I can file ITR and then claim the amount of 5 lakh. Is it correct ? Generally how much is LTDS tax percentage.

[@vidyarao7930]

Looking into too much taxes on NRI. I do not wish to return to india

[@satishmew]

I have one question, My current flat price is lower than 50lac so I was not deducting TDS from instalment payment to builder, I requested for ownership transfer to another buyer before flat registrars so new buyer paying me flat cost higher than 50lac but since its ownership transfer so actual cost of flat is still below 50lac, can help to confirm do we need to pay TDS in this case ?

[@lucven8041]

Hello Sir your explication very clear. thanks you Sir. I have some quesitons Can you replay me sir IT IS USEFULL FOR ALL 1. why all the NRI selling property like Indian residence with there Adharar Card. they say income tax dont knows thery are NRI or Residence indian? 2. Can any possiblity save tax like bonds or anything when selling propety in India without paying TDS 3. Can Nri nationality USA Stay in india 6 month they can sell like Indian residence ? 4. SELLING PROPERTY AMOUNT 15 LAKES AND CAPITAL GAIN FOR 2 LAKES TAX REALLY INCOME TAX SEND NOTICE? THANKS YOU SIR

[@JannatJannat56]

Sir , ur videos r very good and help .We r in a process to sell our property in India .

[@AKTAssociatesOfficial]

Please Reach out with our Team at 8080088288 Or Mail [e-mail]

[@KamilHussainShaikh]

I don't understand how TDS of 30% on STCG is profitable to the NRI doing real estate. For example as an NRI, a) I bought a plot for 10 lakh b) In 4 months, I constructed a house on that plot for 15 lakh. My total expenditure is 25 lakh c) Now my selling price is 35 lakh. According to the above scenario it is a short term capital gain. And a TDS of 30% on 35 lakh would be 10 lakh and 50 thousand. I spend 25 lakh and I get 24.5 lakh. How is this profitable to me? Or am I missing something?

[@janijigisha]

Is a person who is citizen of another country but has OCI and owns property in India is supposed to have PAN number ?

[@user-qz6lv6yr6o]

Thanks Sir for this very informative video. I have one question - In case of jointly buying a property with spouse from nri where sales value is more than 1Cr, 50% amount paid by spouse and 50% by me. What will be the applicable surcharge - 10% or 15% ?

[@AKTAssociatesOfficial]

We recommend you to consult with CA Arun Tiwari. contact us on 8080088288 or mail us on [e-mail]

[@shaneferdz82]

What if property is jointly owned. Does the NRE / NRO account need to be joint or do we have to split equally and pay both their accounts?

[@AKTAssociatesOfficial]

Yes there will be two application for lower TDS. For More Info Contact Client Support team on WhatsApp @ 8080088288 or [e-mail]

[@user-yq7sk7wi9f]

Hi Sir, Thanks for the clear explanation. Can you let me know answers to below question ? Thanks. Can I include below to the purchase cost of the property? 1) GST that I paid to builder when purchasing the property ? 2) Registration fee ? 3) Corpus fund paid to builder for the property ? 4) Maintenance for first year and legal fees paid to builder ? 5) Interest paid on bank loan ?

[@AKTAssociatesOfficial]

You can include 1, 2 only not others For more info WhatsApp Client support @ 8080088288 or [e-mail]

[@shivaprasad7111]

With An Aadhar card and Pan card with local address, Sell the property as a RNOR status. RNOR is a transient between NRI and Resident status. FEMA has no set timeline to convert NRO/NRE accounts to resident accounts for RNOR status Only 1 % TDS. Key is to pay the Capital gains immediately, after sale. That satisfies the Tax authorities, whose main concern is Tax evasion and tax collection. Otherwise the lengthy LTDS process of Form 13 (45 days) is tedious. Getting money back from I Tax (2 years)is even more cumbersome, may involve practices which India is famous for.

[@mananthakrishnan]

Shiva Prasad, Will not a NRI selling property as a resident Indian be a violation of FEMA? I do not think it is legal for a NRI to represent themselves as a resident Indian. Further sale procceds should be deposited in a NRO account to enable repatriation and having an NRO account implies you are a non resident.

[@shivaprasad7111]

@@mananthakrishnan Aadhar card verifies identity, not nationality. PAN card can have a local address. To acquire resident status 182 non contiguous days stay is required. During that time you can continue having a RNOR status.

[@mananthakrishnan]

@@shivaprasad7111 Thanks! Agree with you Aadhaar is proof of identity not of nationality. PAN card can have either local or foreign address. You see the whole idea of obtaining LTDS certificate is to either avoid or minimise the 23% tax deduction at source on sale of property by NRIs and the hassle of reclaiming the tax deducted at source later via filing an income tax return. Long term capital gains indexation benefit will go to reduce the amount of 20% capital gains payable. There is no question of reclaiming through return the tax on capital gains and hence paying it is not an issue. I am of the view it is illegal for a NRI to sell property as though he were a resident with the express intention of avoiding the 23% TDS applicable for NRIs on sale value of the property. Much better legal way is to obtain a LTDS certificate and sell the property.

[@mananthakrishnan]

@@shivaprasad7111 Think about the harassment by the Enforcement Directorate(ED) to the hapless NRI if caught doing something that is not legal. Much better to follow even a long winded route and abandon TDS on sale of property considering it as a discount to the Govt of India, than fall into the clutches of babus from ED,Income Tax etc to come out of which one may end up shelling out more money. For those bold souls, willing to take a risk, there is always the hawala route for quick and effective transfer to wherever one wants completely bypassing the traditional hurdles of bureacratic delay, incompetence and endless demand for bribes.

[@AKTAssociatesOfficial]

Completely agree with you Sir, there should not be any shortcut from compliance

[@vidyarao7930]

We have to pay 5% stamp duty the pay TDS while buying then pay 24% TDS and capital gain 30%and stamp duty 5% while selling the property. Gov t is ripping you off. Too much.

[@vidyarao7930]

Good lucrative business for RBI and CAs

[@sekhariyer3980]

Not RBI but this Chor BJP govt.

[@user-qz6lv6yr6o]

Sir, On approved lower TDS rate, do we need to add surcharge and cess ? For example approved lower TDS is 4%, and sales value of more than 1Cr, then do we need to add 15% surcharge and 4% health & education cess, so total tds rate will be 4.784% ?

[@caaruntiwari3170]

Yes it should be aded

[@skrochey]

I have inherited my mother's property (flat) in 2016/17 which was purchased in 1960. I cannot remember the price she paid for it as I was an infant then. I am in negotiation with the current tenants living there since 50 years to buy over the property. The Property is in Mumbai. They have offered me half of the market price as they refuse to move out. The price offered is about 2 Crore. How would I handle this TDS issue and do you handle the TAX issues for NRI property in Mumbai ?

[@AKTAssociatesOfficial]

Yes, we do NRI Tax compliance, Please contact our client support @ 8080088288

[@shortclear9675]

Hello Sir, need one to know one thing.. If we apply for form 13, From which date it is valid from after getting certificate ? From applied date or From Approved date ? In your one of video you said, after applied for form 13, with application no you can proceed for the transaction. Please clarify. Thanks in advance.

[@m2mlearntrain139]

Its valid from Date of application

[@ordinaryman1603]

Sir, if NRI with OCI (foreign citizen) applies for a new PAN online, does the PAN be part of International Jurisdiction by default?

[@m2mhindi]

No Your Old pan card need to be shifted to international jurisdiction

[@ordinaryman1603]

@@m2mhindi What if I don't have a PAN.

[@kaushiksaumyata]

What about TCS? Will it be deducted where buyer’s Indian bank will transfer to my Canadian bank, will there be 20% TCS (considering bank is sending the money = loan amount of buyer).

[@AKTAssociatesOfficial]

In the case of a bank transferring money from an Indian bank to a Canadian bank for a loan repayment, TCS may not apply, as it's not a typical transaction subject to TCS. But I still insist you to take consultation with CA Arun Tiwari. You can contact our client support team at @8080088288 or mail us at [e-mail]

[@Mm19085]

What is the validity period for this Lower tds certificate ? Can I apply for it say 1 year earlier or when I take the decision to sell my house on my next visit.

[@AKTAssociatesOfficial]

It is Valid for one Financial Year. For more details contact Client support at 8080088288

[@premaparameswar6499]

Sir, How do I know buyer will get the loan? would the buyer get approval letter from the bank?

[@AKTAssociatesOfficial]

Askk him to get a pre approval letter

[@bharadwaj9567]

Sir which bank takes 30-60 days for loan ? It is hardly 7-10 days maximum time.. pls correct this

[@Mark2Market]

7-10 days that take only to get in-principle approval, to Get the money in seller account it takes that much time,

[@tamiltholaikatchi]

What is the TDS on token amount 50,000? Does the buyer deduct it?

[@AKTAssociatesOfficial]

20% + Applicable surge charge or Education cess

[@harivital5287]

Hi sir, I have a small question I bought flat 3 years before for 33.5 lakhs, now the price of that flat is 34 lakhs, I bought that flat through house loan bank gave me 32.75 lakhs, now outstanding loan amount is 30.50 lakhs, so now if I want to sell I need to pay 20% TDS which is around 6.3 lakhs, but now even I sell that property I won’t even get that much money to my hand. Can you please give me any suggestion about. I don’t have much time to apply for lower TDS because it is taking around 45 days. Any suggestions please

[@AKTAssociatesOfficial]

Pls Reach Out to our team at 8080088288

[@errolalex2608]

Do you have an office in Mumbai

[@vivekvikky8532]

Hi Harivital, Can you please explain what did you do in your case now?

[@MrSuhas888]

I sold the property, and the buyer did not pay TDS. How many days I have to pay TDS? Also I am going to buy a flat with the money. How should I handle this transaction?

[@AKTAssociatesOfficial]

Pls Reach Out to our team at 8080088288

[@shamalasuresh2804]

In case buyer not going for loan and desire to pay all sale proceeds from his bank account . Can we apply for lower TDS deduction certificate on entire sale price

[@AKTAssociatesOfficial]

Yes, You can apply for Lower TDS Certificate. For more details Feel free to contact our client support at 8080088288 or email us at [e-mail]

[@lovepreetsohi2440]

Respected sir has bought land and the person selling this land has come from abroad. And this ID proof is from Punjab and while preparing the registry papers, the address outside that has also been written and this file has been given to the Naib Tehsildar after preparing all the registry papers. There will be no problem of NRI address in this, as it is said that NRI's TDS is cut. Please clarify sir.

[@AKTAssociatesOfficial]

For personalized advice on NRI taxation matters, it's best to consult with CA Arun directly. He can provide you with the appropriate guidance tailored to your situation. feel free to contact our NRI Desk at 8080088288 or email us at [e-mail]

[@jay25oct]

Sir. I need some help for purchase/sell commercial property.

[@AKTAssociatesOfficial]

You can reach out to our team at 8080088288

[@jamesjacob685]

i need your advise

[@AKTAssociatesOfficial]

Yes, You can reach out us on WhatsApp at 8080088288 mail id- [e-mail]

[@openaisg]

How long Lower TDS certificate is valid (e.g. if Lower TDS is issued on 1st April 2024 , till what date it will be valid?)

[@AKTAssociatesOfficial]

It's valid till March 2025. For more info contact our NRI Desk at 8080088288 or email us at [e-mail]

[@deeptishukla8641]

If the NRI lives in india for more than 180 days , how much TDS should be deducted?

[@AKTAssociatesOfficial]

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

[@Sanhere01]

If an NRI buys a property for 1cr and for some emergency reason sells it within two years for say 90 lakhs. He will get only 63 lakhs after deduction of 27 lakhs as TDS @30% and will get the rest after almost one year when filling his return are filed as capital loss. For Residence it is 1% TDS. Is my understanding correct?

[@AKTAssociatesOfficial]

Yes

[@RKK1965]

Lower TDS request can be filed online as form13 after obtaining TAN of buyers and signing of agreement to sale. Within one month one can get exemption or lower TDS certificate under section 197(1) based upon which buyer gets loans sanctioned and disbursed.

[@vidyarao7930]

Yes it's not advisable to invest in property in India. Too much taxation.not worth it to invest in India. No doubt govt has too much money to donate to other countries.

[@rambond7539]

Where can I get details how much % tds has to pay?

[@shivaprasad7111]

23% of sale price to collected by purchaser from NRI seller and remitted directly to Tax authorities. Correct amount is 22.8 %

[@mathewmn]

Is TDS applicable for NRI’s if sell amount is less than 50 lac?

[@m2mlearntrain139]

Yes,tDS need to be deducted there is no threshold limit for TDS on NRI.

[@kripalbd1]

As NRI wanting to sell property in Pune India, I wish to apply for low TDS. How long will Low TDS certificate be good for. Also can my representative in Pune work with you as he has all documents. Do you have office in Pune? I do have a tentative buyer but not a formal agreement.

[@AKTAssociatesOfficial]

Thank you for your comment. While our main office is located in Mumbai, we offer NRI Low TDS services throughout India, including Pune. The validity of the Low TDS certificate can vary based on the specific regulations and updates from the tax authorities. Your representative in Pune can certainly work with us to handle the necessary documents. Feel free to reach out to us for assistance. 📞 8080088288 or Mail us on [e-mail]

[@sohamsonawane4527]

If iam a citizen of Indian and I want o sell my property how much tax I have to pay for government

[@AKTAssociatesOfficial]

The tax on property sales in India varies based on factors such as property value, holding period, and capital gains. Typically, you may need to pay capital gains tax, which can be short-term or long-term depending on ownership duration.

[@sohamsonawane4527]

@@AKTAssociatesOfficial how does a rebuilt property tax looks like

[@gracymachado2450]

Very informative. If I sell the property for 1.90 cr tax 3828074 as indexed cost is 595800/-on purchase cost was 180000 in the year 1983 which is 20.14% of total sale price. In this case form no. 13 is useful? If I invest in bonds up 50 lacs based on which amount ie after the TDS deduction or before? Thanks

[@AKTAssociatesOfficial]

Reach out to our Team They will Help you for this you can contact on 8080088288

[@kripalbd1]

Is there any way possible an NRI can sell property in India without actually being present in India (because of health reasons).

[@AKTAssociatesOfficial]

Certainly, an NRI can use a Power of Attorney to sell property in India without being physically present. for more Information contact our client support @ 8080088288 or mail us on [e-mail]

[@Rahuldestiny1984]

is it mandatory for NRI to have TAN number for lower TDS, also NRI dont have mobile number linked to Aadhaar, Please guide

[@AKTAssociatesOfficial]

Its not NRI but Buyer need to take TAN, If buyer is NRI than yes he has to take a TAN and Its not mandatory to link aadhar for NRIs

[@Rahuldestiny1984]

@@AKTAssociatesOfficial my brother is a NRI and while he applying for TAN so that he request for Lower TDS it asks to submit via aadhaar. My father and brother are co-owner of the property and buyer will pay to both of them equally but while paying to my brother he will deduct approx 23% as TDS. Total property sale value is 70 Lacs and will be paid to both equally. My father is resident and my brother in NRI. Please guide and suggest

[@akshthakur8807]

How to buy property from nri with bank financing 80% can you tell

[@AKTAssociatesOfficial]

20% you have to pay from your own contribution

[@dinamistry]

What if NRI has a saving bank account and not NRO account ? What happens to the sale money ?

[@AKTAssociatesOfficial]

If your Selling property you need to take all money in NRO Account you can reach out to our team at 8080088288

[@gauravmittal3156]

​@@AKTAssociatesOfficial Hi sir, my seller got lower TDS certificate and 3% was mentioned in that excluding education cess and surcharge. Do I need to add 4% education cess while making payment to challan 281

[@m2mhindi]

@@gauravmittal3156 Yes you need to add surcharge and Edu cess to pay tds

[@gauravmittal3156]

@@m2mhindi thank you sir, how do I know the exact % of education cess and surcharge i have to deduct.

[@gauravmittal3156]

@@AKTAssociatesOfficial Hi team, my NRI seller got low TDS certificate few days back. Now due to some reasons sale deed cannot be registered at ghaziabad via POA authorised person. My sale deed registration process will go in next FY, Is it true that if I pay TDS in this FY then seller does not have to apply for low TDS again in next FY. PS : I am taking home loan and do the payment to seller in next FY.

[@androidphone6972]

Sir how much do you charge for your services for this process

[@AKTAssociatesOfficial]

You can contact our client support team at @8080088288 or mail us at [e-mail] to know about the charges

[@kripalbd1]

I am NRI and have buyer of my property in India. The buyer wants to pay in USA in US dollars. Can this be done legally and what are pros and cons? What will be tax consequences for me in USA? Please share you valued comments/advise... Thanks

[@AKTAssociatesOfficial]

First thing its not possible second, there is 20% TDS on any Remittance now, So not practical anymore .You can whatsApp Client support team at 8080088288 or email [e-mail]

[@vidyarao7930]

It is not a good idea to buy property in India for NRI. Because when he has to sell the property the buyer has to pay ,20% yds. And if it is shorter m gain then he has to pay 30 per cent TDS. With this taxation no NRI will buy any property. Pure nonsense of taxation by RBI. God save N RI coming to India

[@Mark2Market]

There is reason for that , NRI Means even foreign national, the TDS deducted is equal to Capital gain tax, however they have given option to file lower TDS, What happen if NRI sell property and never come back to pay taxes, Such as provision is everywhere in the world.

[@vidyarao7930]

@@Mark2Market no NRI means Indian passport holders who have lived abroad. Not foreigners. Plus buyer has to pay TDS at twenty percent when he buys from NRI .now nobody will buy house from NRI . So it's too much tax on NRI property.

[@rambond7539]

@@vidyarao7930 that’s wrong assumption.. buyer pay the tds from purchase price only .. whereas seller has to file rerun later to get the refund

[@Sanhere01]

How will the buyer know I am an NRI. Many NRI's Don't know this TDS deduction of 23%. Also when an NRI buys from a resident should NRI deduct 23%. and file the return. What if the buyer and seller is an NRI

[@judecoutinho1494]

Where are you located ?

[@m2mlearntrain139]

We are at Mumbai

[@pinkuborua]

Do you have team in Gurgaon ? What is tie fee that you charge for I) this part of the work and I) for complete selling process till registration . Secondly if I want to remit the amount from NRI to my UK bank account , do I need to pay tax ? Can you please share your contact number so that I can call and discuss this with your team ?

[@AKTAssociatesOfficial]

We don't have an office in Gurgaon. We offer the Lower TDS Certificate service across all of India, as it is a completely online process. Contact our NRI desk @ 8080088288 or email us at [e-mail]