NRI Property Sale Tax in India#
TDS on NRI Property Sale#
- Buyer must deduct TDS @ 20%
- 30% if seller doesn't have PAN
Capital Gains Calculation#
Long-Term (Held > 24 months)#
- Indexed cost
- 20% tax with indexation
Short-Term (Held < 24 months)#
- Taxed as per slab rate
Exemptions Available#
- Section 54: Reinvest in residential
- Section 54EC: Capital gains bonds
NRI Tax Rates#
| Type | Tax Rate |
|---|---|
| Short-term | Slab rate |
| Long-term | 20% |
How to File ITR#
- File ITR-2 for property income
- Report sale in Schedule CG
- Claim exemption with details
Conclusion#
NRI property sale has specific tax rules.