This guide aims to simplify the complexities surrounding NRI property sales, focusing on Tax Deducted at Source (TDS) and overall tax implications.
Navigating the intricate rules surrounding the acquisition and ownership of agricultural land in their home country can be challenging for Non-Resident Indians (NRIs) in today's fast-changing world. Many NRIs, after earning abroad, choose to invest their money back in their home country.
The objective of this discussion is to decode the legal complexities, address the challenges and suggest sensible strategies to maximise profits while minimising the risks in these transactions.
This guide breaks down the reasons behind this necessity and how it contributes to the peace of mind for NRIs.
When an NRI sells its property Situated in India then his major concern is taxation. It is seen that when a person starts living outside India then subject to the provisions of the Income-tax act, 1961, he becomes the resident of such a foreign country and liable to pay his taxes in such a country.
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