Complete Property sale guide for NRIs 2024 | Lower TDS Certificate
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- Опубликовано: 8 фев 2024
- #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 - Cs@aktassociates.com, 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
Very well explained step by step from beginning to conclusion of the whole sal procedure
@sharadjain588 I'm glad you liked the video
Thank you, explained the procedures very well.
@jeyram1872 Glad you liked it
NRI stop showing interest to buy lad or commercial or any other property because of no strict law . It is hard earned money
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
Well explained sir
@beniwalgs3331 Thank You 😀
@@AKTAssociatesOfficial sir whats implications when NRI buys brother ancestral plot with in municipal limits. ?
Procedure to sell explained properly - can you advise if advertising for no objection in the newspaper is necessary for sale of agricultural land
Not It's not mandatory for seller,
Thanks a lot sir
@prasadomprakash5077 Most Welcome
Please video explain what need to be done when NRI buying ancestral property from resident brother sister.
Contact our NRI Desk they will help you out, Call 8080088288 or email us at cs@aktassociates.com.
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 ?
No tax on NRI property sale if proceeds are fully reinvested in Indian property
Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com to know more
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?
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 cs@aktassociates.com
Question - can the reinvestment of profits on the sale of the property be outside India? (USA)?
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 cs@aktassociates.com
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.
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 cs@aktassociates.com
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.
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 cs@aktassociates.com
Sir, is there any model MOU ,if it's such pl put up.
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 cs@aktassociates.com
Hi please make videos on how to retire US citizens in india. How to get Social security deposit in Indian banks. Pros and cons.
Noted! Stay tuned
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?
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 cs@aktassociates.com
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
We have to do calculation, please contact our NRI desk @ 8080088288 or email us at cs@aktassociates.com.
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 ?
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 cs@aktassociates.com
Which city are you guys having offices / located in?
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
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 cs@aktassociates.com
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
Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
@@AKTAssociatesOfficial It was really helpful interaction and all queries were attended by you. Thank you so much sir 🙏
How long will it take to get tds certificate
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 cs@aktassociates.com
where are you located and how much you charge me as a seller?
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 cs@aktassociates.com
"promo sm"
I heard NRI selling the property it’s tax free in NRE account.
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 cs@aktassociates.com to know more
Interest earned in NRE account is tax free.
If i sell a property within a year, can I apply for Lower tax deduction?
@@Gandhikrishna79 No It is for Long term Capital gain
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.