Income Tax 21 September 2026
NRI Property Sellers Face Distinct TDS Rules in India
Non‑resident Indians (NRIs) selling property in India must endure a 20% tax‑deducted‑at‑source (TDS) on the sale amount, while resident sellers are only subject to a 1% TDS after exemption limits. The higher TDS is refundable when the NRI files an income‑tax return, but the buyer must deduct the correct amount at source.
Key Points
- NRI sellers face a 20% TDS on property sale proceeds; residents pay 1% after exemption.
- Buyers must withhold the correct TDS at source.
- NRI can claim a refund when filing the income‑tax return.
For full details, see the Livemint article.
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