NRI Property Sale & TDS Reduction (Form 13 & Sec 195)
Are you a Non-Resident Indian (NRI) selling ancestral land, a residential flat, or commercial space in Pune? Buyers are legally obligated under Section 195 to deduct 20%+ TDS on the total gross sale value, locking up significant capital.
NRIs can avoid excessive tax withholding by applying for a Lower Deduction Certificate (Form 13) via the IT Department's TRACES portal before property registration. Additionally, repatriating sale proceeds abroad to NRE/NRO accounts requires mandatory Form 15CA and Form 15CB financial certification by a chartered accountant.
Protect your property returns and ensure seamless cross-border fund transfers with dedicated NRI tax advisory in Pune.
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