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Selling Property in India from Abroad?

Here's Why it's a Nightmare for NRIs

Multiple unproductive trips to India
Steep deductions of Up To 30% in TDS
Identifying prospecting buyers
Complex RBI compliances
Multiple Coordination touchpoints
20% TCS Deduction on Remittance
Selecting Multiple Service Providers
Dynamic Income Tax Regulations
documents required for nri to sell property in india

Our Services

Empowering NRIs, Simplifying Property Transactions

LEGAL SERVICES

Enabling Remote Selling of Properties for NRIs

We have a team of legal professionals who will assist you by executing General or Special power of Attorney by appointing someone from your family to represent you to complete the transactions, saving you multiple fruitless trips to India. The services covered are:

  • GPA Drafting
  • GPA Adjudication in any Indian City
  • Agreement to Sell/ Sales Deed
  • Circle Value Certificate

REALTOR SERVICES

Your Perfect Buyer Awaits

Experience Stress-Free Home Sales with Our Expert Realtors/ Channel Partners spread across all major cities in India

  • Exclusive Mandates for Buyer Identification
  • Marketing of the property
  • Screening of potential buyers
  • Shortlisting of Serious buyers
  • Coordination between the client and the buyer

TAX SERVICES

Low TDS & TCS Deduction

We work with authorized remitters from leading Indian Banks; streamlining your financial transactions.

  • Form 13 Application/ Nil or Low TDS Certificate
  • Remote Setting up of NRI Banking (NRE/NRO account)
  • Management of Tax Collected at Source
  • Income Tax Filing

REMITTANCE SERVICES

Gone are the days of getting less for your money

We work with Authorized remitters of some major banks streamlining your transaction compliances and getting you more money for your money.

  • Try to offer better exchange rate
  • 15CA/ 15CB certificates or Form A2 for Remittance RBI/ Income Tax compliances
  • Remit upto 8 crore INR
  • Remit without attracting 20% outward remittance tax (TCS)
  • Get the best foreign exchange rate
  • Integrated banking solution, coordination with financial institution, Opening of bank accounts, Facilitating access via debit card and online banking.

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LOAN SYNDICATION & INVESTMENTS SERVICES

Unlock Financial Opportunities

Benefit from our expert assistance with loans and high-yield investments in India through the following services:

  • Loan against property for NRIs
  • Home Loan for NRIs
  • Investment in tax-saving or fixed income government and corporate bonds
  • We are AMFI-certified mutual fund distributors, dedicated to helping clients design customized portfolios with investments targeting high-performing mutual funds in the Indian market
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    Our Process

    Steps to Selling Property for NRI’s

    Process of selling property in India without travelling for NRI
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    Maximum Returns & Minimum Hassle Using 3 C’s

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    Consulting Experts

    Benefit from our seasoned, highly-qualified, and accomplished CA’s, lawyers & consultants who have been working in a SOP driven environment for more than a decade

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    Cumulative Savings

    We ensure you retain more of your hard-earned money by eliminating travel expenses, optimizing taxes, and leveraging additional cost saving strategies.

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    Comprehensive One-Stop Support

    Our support encompasses a wide range of services from legal assistance to banking, and realtor. Our experts are well-versed in local regulations and market dynamics; offering a holistic approach.

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    Why Us?

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    Unique Service

    One-Stop-Shop!

    We offer all-inclusive, fully integrated remote solution to NRIs who can’t travel to India to sell their property. Tailored to meet the unique needs of NRIs, we provide end-to-end and persistent support from initial consultation to final transaction.

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    Your Reward

    "Savings upto 40%”

    More Money from Same Transaction!

    By optimizing taxes and eliminating travel, you can take back up to 40% with the sale of every property entrusted to us.

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    Freedom & Flexibility

    A Complete Remote Set-up

    Time is Money and our professionals live and act upon this adage. Without disrupting your daily routine, and work, NRIs can oversee the process as per their schedule and preferences, therefore, saving time and travel cost.

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    Peace of Mind

    Our Commitment is Our Assurance

    Entrusting yourself to a reputable consulting firm, NRI’s can enjoy peace of mind knowing their transactions are in capable and trust-worthy hands while focussing on their priorities.

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    Consistent Support

    We are Just a Click Away!

    Our hands-on team is committed to providing exceptional customer service. Assistance of any sort is readily available around the clock, blurring the geographical lines and bridging the gap between the parties involved.

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    Empowered by Sheer Transparency

    No Surprises!

    We prioritize clear communication, disclosure of fees, market insights, legal compliance, documentation, accountability, and soliciting feedback from our NRI clients.

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    “Clients who Shine, You Could be Next in Line!”

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    Meena Mittal

    Customer1

    nri selling property in bangalore   Effortless and Efficient

    "Working with Brivan to sell my property remotely was a game-changer. Their team handled everything with such efficiency and professionalism. I was amazed at how effortless the process was, and I couldn't be happier with the outcome."

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    Mukesh Kappor

    Customer 2

    nri selling property in india tax implications   Expert Guidance Every Step of the Way

    "I was hesitant about selling my property in India while living abroad, but Brivan put my mind at ease. Their experts provided invaluable guidance and support throughout the entire process, ensuring that everything was done correctly and efficiently. I highly recommend their services to any NRI’s looking to sell property remotely."

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    Rahul Dube

    Customer 3

    nri selling property in india tds   Smooth and Seamless Transaction

    "Thanks to Brivan, selling my property remotely was a breeze. Their team took care of all the details right from GPA execution, tax optimization, finding a buyer to handling the paperwork and making sure I get the money back in my American account. I was pleasantly surprised to get more than I thought I would. I was impressed by their professionalism and attention to detail. It was a smooth and seamless transaction from start to finish."

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    Gurmeet Singh

    Customer 4

    nri selling property tds   Trusted Partner for Remote Property Sales

    "I couldn't have asked for a better partner than Brivan to help me sell my property in India remotely. Their expertise and their dedication to client satisfaction is evident in every interaction. I'm grateful for their support throughout the process and would highly recommend them."

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    Anil Sharma

    Customer 5

    nri tax for selling property in india   Peace of Mind from Afar

    "Living abroad, I was worried about the logistics of selling my property in India. But Brivan made the entire process stress-free. They handled everything with so much ease. Kept me informed at every step of the way. Thanks to them, I was able to sell my property with peace of mind, knowing that it was in good hands."

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    Kuldeep Saini

    Customer 6

    images/fa_quote-left.svg
                                    nri tax on sale of property in india   Savings and Compliances

    "Their expertise in local regulations and compliance was evident from the start. The team meticulously ensured that all legal and tax requirements were met, preventing any potential issues down the line. Also, Brivan offered competitive pricing and transparent fee structures, which were a refreshing change from the hidden costs I encountered with other firms. Their commitment to providing value while maintaining the highest standards of compliance has made them my go-to consultants for any future property transactions."

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    Neeraj Verma

    Customer 7

    nri want to sell property in india   International Presence

    "We met the team at a live workshop they conducted in Toronto, which was a game changer for us. Trust becomes an issue when it comes to property, taxes, and money. Having their office in Canada boosted our confidence. The seamless interaction switch between India and our local time zone in-terms of any urgent coordination was never a challenge. And the whole aspect of one-stop-shop is something we recommend others to try!"


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    Team Spotlight

    Sanu Nair

    Director Sales,

    North America

    Gaurav Matta

    Partner

    Aditya Gupta

    Founding Partner

    Dhananjay Malik

    Partner

    Jitendra Kumar

    Partner

    Kunal Jindal

    Founding Partner

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    Blogs

    Real estate, Real easy for NRIs

    property sold by nri in india 25 May 2024 | 2 min. read

    Skip the trip, not the profit!

    property tds for nri 25 May 2024 | 2 min. read

    The Mighty Nil/Low TDS Certificate

    rules for nri selling property in india 25 May 2024 | 2 min. read

    NRIs Can’t sell their Indian Property as Resident Indians

    sale of property by nri tds 25 May 2024 | 2 min. read

    TCS and its Impact

    sale of property tds for nri 25 May 2024 | 2 min. read

    The Mighty Nil/Low TDS Certificate

    tax on nri property sale 25 May 2024 | 2 min. read

    NRIs Can’t sell their Indian Property as Resident Indians

    tax on property sold by nri in india 25 May 2024 | 2 min. read

    TCS and its Impact

    tds deduction for nri on sale of property 25 May 2024 | 2 min. read

    TCS and its Impact

    tds deduction for property sale by nri 25 May 2024 | 2 min. read

    Real estate, Real easy for NRIs

    tds for nri for sale of property 25 May 2024 | 2 min. read

    Skip the trip, not the profit!

    tds for nri on sale of property 25 May 2024 | 2 min. read

    The Mighty Nil/Low TDS Certificate

    tds for nri property sale 25 May 2024 | 2 min. read

    NRIs Can’t sell their Indian Property as Resident Indians

    tds for nri selling property in india 25 May 2024 | 2 min. read

    TCS and its Impact

    tds for sale of property by nri 25 May 2024 | 2 min. read

    Understanding NRO/NRE Banking and TCS for NRIs Repatriating House Sale Proceeds from India

    Understanding NRO/NRE Banking and TCS for NRIs Repatriating House Sale Proceeds from India Aug 8, 2024 | 2 min. read

    The Risks for NRIs Selling Real Estate in India as Resident Indians

    tds nri property Aug 5, 2024 | 2 min. read

    Maximizing Sale Proceeds for NRIs through Form 13 in India

    tds on non resident on sale of property Jul 24, 2024 | 2 min. read

    NRIs: Sell Your Indian Properties Without the Hassle of Travelling

    tds on nri property sale in india Jul 18, 2024 | 2 min. read
    tds on property sale by nri in india

    FAQ

    Tax
    01 The tax is to be paid on the Total Sales Proceeds on sale of property? tds on sale of property for nri

    No, Applicable tax is required to be paid on the Capital Gain only which is further bifurcated as long term and short term

    Long-term Capital Gain: Property held for more than 2 years

    Short-term Capital Gain: Property held for less than 2 years

    02 Who deducts the TDS and how? The step-by-step process? tds on sale of property if seller is nri
    • The TDS on sale of property by NRI is required to be deducted under Section 195
    • The seller shall file an application in Form 13 with the Income Tax Dept to obtain No/Lower TDS certificate which needs to be given to the buyer for deducting the exact TDS. In case this certificate is not obtained by the seller from the Income Tax Department, the TDS should be deducted on the Total Sale Price and not on the Capital Gains. Therefore, it is very important for the seller to obtain this certificate from the Income Tax Officer.
    • Also, what is important to know is that the buyer must have a TAN no to be able to buy a property from an NRI. Do note that PAN number is different than TAN number.
    • If the buyer is buying a property jointly with someone; both must have separate TAN numbers even if they are from the same family.
    • The TDS so deducted by the buyer shall be deposited with the Income Tax Dept within 7 days from the end of the month in which the TDS has been deducted
    • This TDS is required to be deposited along with Challan No./ ITNS 281 and can be deposited online as well as through various bank branches.
    • After the deposit of TDS, the buyer is required to furnish a TDS Return.
    • This TDS Return is required to be furnished in Form 27Q and is required to be furnished separately for each quarter in which the TDS has been deducted.
    • This TDS Return is required to be deposited within 31 days from the end of the quarter in which the TDS has been deducted
    • After the deposit of TDS and filing of TDS Return, the buyer is also required to furnish Form to the seller of property.
    03 What is the difference between How much TDS gets deducted on sale of property by an NRI as compared
    to Resident Indians? tds on sale of property in case of nri

    Effective TDS rate for Long-term Capital gains

    • Less than INR 50 Lacs: 20.8%
    • INR 50 Lacs – INR 1 Crore: 22.88%
    • Above INR 1 Crore: 23.92%

    Effective TDS rate for Short-term Capital gains

    • Flat rate: 30%

    Effective TDS rate for Resident Indians

    • Flat rate: 1%
    04 What is Low / No TDS Certificate tds on sale of property nri

    To reduce the TDS on Sale of Property by NRI, the NRI is required to file an application in Form 13 with the Income Tax Department for issuance of Certificate for Lower/No Deduction of TDS.

    In absence of this certificate which is attested by the Income tax Officer, TDS gets deducted on the Total Sale Price of the property and not only on the Capital Gains. This Certificate hence helps the NRI’s in largely reducing the TDS Liability and therefore, most NRI’s opt for this certificate.

    05 Is There a Way to Reduce My TDS Liability on Funds That I Get on Selling the Property in India tds on sale of shares by nri

    Yes, to reduce the TDS on Sale of Property by NRI, the NRI is required to file an application in Form 13 with the Income Tax Department for issuance of Certificate for Lower/No Deduction of TDS. This Certificate helps the NRI’s in largely reducing the TDS Liability and therefore, most NRI’s opt for this certificate.

    However, filing this form is a complicated task and therefore most NRI’s hire a Chartered Accountant for filing this application.

    06 Is My Income from Selling House in India Taxable In US/ Canada/ UK? tds on selling property in india

    Many Countries levy Tax on sale of property by their Residents irrespective of the location of the property. For eg.: An NRI residing in US /Canada/ UK sells property in India, then both the country they are currently residing in (US/Canada/UK) and India will levy Tax on this transaction. The foreign country will levy tax because the NRI is residing in that country and India will levy tax because the property is in India leading to double taxation.

    However, to avoid levy of double taxes, India has entered into Double Taxation Avoidance Agreements (DTAA) with nearly 90 countries. These agreements state that if a person has paid Tax on sale of property in India, then he can get a tax credit of the taxes paid in India which will reduce his tax liability in the other country.

    Please note, proper disclosures are required to be made in this case in the country where the tax credit is being claimed.

    Also note that Australia, New Zealand, US, Canada, UK are all included in the list of countries, India has signed DTAA with.

    Remittance
    01 What is the 20% outward remittance tax (TCS) rule and how does it impact me? tds property sale nri

    The 20% outward remittance tax, also known as Tax Collected at Source (TCS), was introduced in India's Union Budget 2023. Here are the key points:

    • Applicability: This tax applies to most foreign remittances made by Indian residents and Non-Resident Indians (NRIs) under the Liberalized Remittance Scheme (LRS).
    • Threshold: A 20% TCS is deducted on foreign remittances over Rs. 7 lakhs.
    • Purpose: It covers remittances for investments, purchase of foreign assets, gifting money abroad, etc.
    • Exceptions: Remittances for medical treatment and education expenses abroad have lower TCS rates.
    • Collection: TCS is collected by banks/authorized dealers at the time of remittance.
    • Tax Credit: NRIs can claim the TCS paid as a tax credit.

    This tax adds an extra burden on large foreign remittances by NRIs under the LRS, but remittances from NRO/FCNR accounts are exempt when done through The Remittor Process.

    02 How is the TCS calculated? tds rate for sale of property by nri

    TCS Rates:

    • 20% on foreign remittances over Rs. 7 lakhs (except education and medical)
    • 5% on remittances for overseas tour packages (no threshold)
    • 5% on education remittances over Rs. 7 lakhs (non-loan case)
    • 0.5% on education loan remittances over Rs. 7 lakhs

    Calculation MethodL

    • Calculate the amount exceeding the threshold limit (if any) for the transaction type.
    • For example, if an NRI remits Rs. 10 lakhs under LRS (non-education/medical), 20% TCS applies on Rs. 3 lakhs (Rs. 10 lakhs - Rs. 7 lakhs threshold).

    TCS Amount = (Remittance Amount exceeding threshold) x Applicable TCS Rate

    • For Rs. 10 lakhs, TCS amount = Rs. 3 lakhs x 20% = Rs. 60,000

    The TCS is deducted upfront by the authorized dealer (bank) before transferring funds. For remittances without a threshold limit, like overseas tour packages, the TCS rate applies to the full amount.

    03 Why should I choose Remittor for money transfer services? tds rate on sale of property by nri

    Remittor is a wealth transfer platform for Global Indians, ensuring compliance management for transactions. The Remittor Process helps you transfer wealth globally without losing money to unnecessary taxes. Our services include:

    • Transaction advisory
    • Integrated banking services
    • Competitive remittance rates up to INR 8 crores
    • Compliance management to avoid the 20% TCS

    04 How does Remittor help maximize wealth transfer? tds rates for nri selling property in india

    The Remittor Process includes four steps:

    1. Transaction Advisory: Our financial experts understand and structure your remittance to ensure compliance and maximum forex in your residing country
    2. Banking Compliance: We help you open an NRI account with ICICI Bank from home, coordinating all necessary appointments and documents.
    3. Remittance: Facilitating the transfer process.
    4. Compliance: Ensuring all transactions are compliant and legit through RBI-authorized partners

    05 Will the transaction be compliant and legit? tds sale of property by nri

    Yes, as a registered remittance agency, our partners hold an FFMC license for currency conversion, and all transactions are processed through RBI-authorized partners.

    06 What is the limit of LRS in a year? tds on non resident on sale of property

    NRIs can remit up to $1 million per year from NRO accounts without TCS.

    Under LRS, every Indian resident can send up to USD 2,50,000 in a financial year for various purposes.

    07 Do I need to convert my regular savings account to an NRI account? tds on nri property

    If you are an Indian citizen residing abroad, you can convert your regular savings account to an NRI account for benefits like higher interest rates, no remittance restrictions, special investment schemes, and easy fund repatriation

    08 How to convert to an NRI account? tds on nri property sale in india

    Remittor will schedule a call with the bank for you. You'll need to submit documents like proof of NRI status, passport copy, overseas address proof, and an NRI declaration form.

    09 What charges apply for wire transfers? tds on nri sale of property

    Intermediary and beneficiary bank charges (NOSTRO Charges) apply, varying based on transaction size. Additional charges of 1.25% to 2.5% may apply if paying via debit card.

    10 What documents are needed for sending an outward remittance? tds on property for nri

    A PAN card is mandatory. For proof of address, provide any one of Aadhar, Passport, Voter ID, or Driving License. Document verification is done in real time.

    11 For what reasons can I send funds out of India? tds on property sale by nri in india

    You can send funds for:

    • Overseas education (fees and living expenses)
    • Family maintenance
    • Personal gifts or donations
    • Private visits
    • Business travel
    • Emigration and related fees
    • Employment processing fees
    • Medical treatment abroad

    12 To whom can I send money from India for the ‘maintenance of close relatives’? tds on property sale for nri

    You can send money to:

    • Parents
    • Children
    • Spouse
    • Siblings
    • Grandparents/Grandchildren
    • Parents-in-law

    Gifts to these relatives are tax-exempt, and there is no monetary limit on the value of gifts sent to them. Gifts to non-relatives are taxable if the aggregate value exceeds Rs. 50,000 in a financial year. Compliance with FEMA regulations like LRS limits may be required for large sums.