Selling a property in India as a Non-Resident Indian (NRI) can trigger tax implications, including the requirement to deduct Tax Deducted at Source (TDS) at the time of sale. However, NRIs have the opportunity to reduce their TDS liability by obtaining a Lower TDS Certificate, also known as Form 13, from the Indian tax authorities. At Advicenri.com, we specialize in assisting NRIs in obtaining Lower TDS Certificates to optimize tax outcomes and maximize their proceeds from property sales.

• Understanding TDS on the Sale of Property

When an NRI sells a property in India, the buyer is required to deduct TDS on the sale proceeds at the applicable rate. The TDS rate is typically 20% of the sale value unless a Lower TDS Certificate is obtained from the tax authorities. The TDS amount deducted by the buyer is then remitted to the Indian government on behalf of the seller.

• Importance of Lower TDS Certificate

Obtaining a Lower TDS Certificate is crucial for NRIs selling property in India, as it allows them to reduce their TDS liability and retain a higher portion of the sale proceeds. By applying for a Lower TDS Certificate, NRIs can ensure that TDS is deducted at a lower rate, thereby preserving their cash flow and optimizing their tax outcomes.

• Eligibility for Lower TDS Certificate

To qualify for a Lower TDS Certificate, NRIs must meet certain eligibility criteria and provide supporting documentation to the Indian tax authorities. Factors such as the capital gains arising from the property sale, the cost of acquisition, and any eligible deductions or exemptions may impact the determination of the lower TDS rate.

• Our Expert Assistance

At Advicenri.com, our team of experienced professionals specializes in assisting NRIs in obtaining Lower TDS Certificates for property sales in India. We will guide you through the entire process, from assessing your eligibility for a Lower TDS Certificate to preparing and submitting the necessary documentation to the tax authorities.

•  Strategic Tax Planning

In addition to obtaining a Lower TDS Certificate, we also provide strategic tax planning services to help you optimize your tax outcomes and minimize your tax liabilities. Our team will work closely with you to develop personalized tax strategies tailored to your specific circumstances and objectives. This may include exploring tax-saving provisions, structuring the property sale to maximize tax benefits, and identifying opportunities for tax optimization.

• Compliance Management

Ensuring compliance with Indian tax laws is essential for NRIs selling property in India. Our team provides comprehensive compliance management services to help you meet all your tax obligations in a timely and accurate manner. This includes assisting with the filing of tax returns, obtaining tax residency certificates, and responding to any tax notices or inquiries related to the property sale.

• Partner with Us

If you are an NRI planning to sell property in India, Advicenri.com is here to help you optimize your tax outcomes and maximize your proceeds from the sale. Partner with us for expert assistance in obtaining Lower TDS Certificates and strategic tax planning services tailored to your needs. 

Contact us today to learn more about how we can assist you in achieving your financial goals with confidence and peace of mind.