Many NRIs own residential and/or commercial properties in India – through inheritance or acquisition by way of investment. Selling property in India by NRIs is not difficult but comes with certain rules and regulations which are different to that for a Resident Indian, which may be complex to understand. The complexity ranges from knowing the procedures, fulfilling the compliances, paying the correct and minimum taxes, bank account solution for receiving the money, repatriating the funds, following the regulations of RBI, FEMA PMLA and Income Tax Act and so on.
This results in a fair amount of confusion about implication for NRIs who want to sell/ purchase/ manage any house property that they may have in India. We specialize in offering NRI property sale services in India – a complete solution to the NRIs and individuals from outside India, who want to sell their property in India.
Our services include advising on the capital gain taxes, obtaining lower withholding certificates, advice on and certification for repatriation of funds, reinvestment advisory for tax saving. We also provide legal support services vis a vis inheritance settlement, dispute resolution in case of such properties being sold.