Loading…
Loading…
NRI Tools
Step-by-step compliance wizard for NRI property purchase in India.
| Account | Holds | Repatriation | Best for |
|---|---|---|---|
| NRE | Foreign income (converted to INR) | 100% — no limit | Buying property, repatriating proceeds |
| NRO | Indian income (rent, pension, dividends) | Up to USD 1M/year with Form 15CA/CB | Earning rent from Indian property |
| FCNR | Foreign currency (USD, GBP, EUR, etc.) | 100% — no limit | Loan repayment, parking forex |
TDS = Tax Deducted at Source. Applied before money reaches you.
| Scenario | TDS Rate | Who Deducts |
|---|---|---|
| NRI buying from Resident | 1% (if price > ₹50 L) | NRI buyer deducts from payment |
| NRI selling (held > 24 months) | 20% on sale price (LTCG) | Buyer deducts before payment |
| NRI selling (held < 24 months) | 30% on sale price (STCG) | Buyer deducts before payment |
| Tenant renting NRI's property | 30% on rent | Tenant deducts monthly |
You can apply for a Lower TDS Certificate (Form 13) from the Income Tax Department to reduce TDS withheld when selling. Effective if your actual tax liability is lower than the default rate.
Draft a Specific Power of Attorney naming the property and transaction. Do NOT use a general PoA.
Get the PoA notarised at an Indian Consulate or Notary Public in your country.
Get it apostilled by the competent authority in your country (foreign affairs ministry).
Send the original PoA to India by courier.
Have the PoA holder register it at the local Sub-Registrar's office in India (nominal stamp duty).
PoA holder can now sign and register the sale deed on your behalf.
Critical: Only give a Specific PoA for the named property transaction. A General PoA can be misused to sell or mortgage your property without your knowledge. Revoke immediately after use.