LatestIncome Tax 14 July 2026
TDS Updates For NRIs
Non-Resident Indians selling property in India can avoid excess TDS by understanding the recent changes in tax laws, which affect the attractiveness of debt funds and fixed deposits for NRIs in higher tax brackets, with a 30% TDS rate applied to NRO fixed deposits and corporate bonds, and the government introducing new rules to make it easier for NRIs to claim tax refunds and avoid double taxation
Non-Resident Indians selling property in India need to be aware of the recent changes in tax laws.
Some key points to consider include:
- Change in how attractive debt funds are for NRIs in higher brackets
- NRO fixed deposits and corporate bonds are taxed at slab rates with 30% TDS
To avoid excess TDS, NRIs can take certain steps to minimize their tax liability and claim refunds.
The government has introduced new rules to make it easier for NRIs to claim tax refunds and avoid double taxation.
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