24 June, 2025 at 5:35 pm
If you are selling a property as an NRI in India, then you need to pay 20% tax as a TDS for long-term capital gains, which you hold for more than 2 years, and 30% on the short-term capital gains, which you hold for less than two years. These are the tax obligations that you need to pay if you are selling your Indian property as an NRI.
As an NRI, if you are selling your property, then it may be a loss for you according to the tax implications. In this, if you own an apartment and sell it for less than 7 years after the original purchase, then it is nothing but trouble for you. NRIs should look for more investment options. Can anyone please tell me the proper tax implications of selling property in India as an NRI?
NRIs are liable to pay tax on the capital gains and the sale of property in India. It can be long-term capital gains, which are taxed at 20% under the Income Tax Act. Short-term capital gains, in which property held for less than are come under the tax slab rates of 30%. where the property is sold after holding for more than 2 years, comes under 20% taxes of the Income tax act, and on the other hand, the short-term capital gains, where the property is sold before 2 years, you will need to pay 30% shall be deducted.
NRI persons who want to sell property in India have to observe the rules of capital gains. If it's short-term capital gains, then the Tax Slab will be their income in India. If it is a long-term capital gain, the tax rate will be 20% for the above 2-year period.
If an NRI is selling this property in India, there are two conditions: first, if the property is a long-term capital gain and has been held for more than 2 years, then a 12.5% TDS rate on the sale of the property will be applicable. If short-term capital gains are held for less than 2 years, then a 30% TDS rate applies to the sale.
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