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TDA ON SALE OF IMMOVABLE PROPERTY BY AN NRI

Sale of immovable property by an NRI is not just a transaction but a legal and financial process with significant tax implications. Buyers must comply with TDS provisions to avoid disputes, while sellers need careful planning to manage capital gains tax, use exemptions like LDC, and ensure smooth repatriation. Given the complexities, professional guidance is essential. SKMC Global supports both buyers and NRI sellers with accurate tax computation, compliance, documentation, and advisory, making the entire process of TDS on property sales simple, compliant, and hassle-free.

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TDA ON SALE OF IMMOVABLE PROPERTY BY AN NRI

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  1. TDA ON SALE OF IMMOVABLE PROPERTY BY AN NRI Sale of immovable property by an NRI involves tax implications, especially TDS, which requires strict compliance by the buyer and careful planning by the seller to reduce tax burden and enable smooth fund repatriation. Given its complexity, seeking professional assistance ensures accurate tax computation, filing, and a hassle-free process. Things a Buyer Should Do Confirm NRI Status:Buyer must verify and document the seller’s NRI status to apply correct TDS rules. Obtain TAN:Buyer needs a Tax Deduction Account Number (TAN) to deduct and pay TDS; PAN is not sufficient. Calculate & Deduct TDS: Buyer must compute TDS at applicable rates and deduct it from the purchase consideration. Deposit TDS: Deducted TDS must be deposited with the government using the prescribed challan (Form 26Q/26QB) within the due date. Issue Form 16A: Buyer must provide the seller with Form 16A as proof of TDS deducted and deposited for tax filing. At SKMC Global assists buyers and NRI sellers in navigating TDS on property sales by ensuring compliance, accurate tax computation, and smooth documentation. Their expert support simplifies fund repatriation and minimizes tax exposure. info@skmcglobal.com www.skmcglobal.com +91 989-125-5499

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