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NRI Taxation

Gifting Indian Property as an NRI: Tax and FEMA

Gifting a flat to your sibling instead of selling it can be tax-free for them, but the cost base and the tax bill don't disappear β€” they just move to the next sale.

24 Sept 202613 min
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#nri-gift-property#gift-deed-tax#fema-gift
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NRI Taxation

Owning Two Homes as an NRI: Taxation Rules

An empty flat in Bengaluru can still generate a tax bill through notional rent unless you know how the two-self-occupied-house rule actually works for NRIs.

24 Sept 202612 min
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#nri-two-houses#self-occupied-property#deemed-let-out
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NRI Taxation

Municipal Property Tax vs Income Tax for NRIs

Two different tax notices land on NRI-owned property β€” a civic body's annual property tax bill and the central income tax on rental income β€” and they are not the same obligation.

24 Sept 202612 min
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#municipal-property-tax#nri-income-tax#house-property-income
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NRI Taxation

Deducting Home-Loan Interest on NRI Rental Property

On a self-occupied flat an NRI's home-loan interest deduction is capped at β‚Ή2 lakh, but on a let-out property the entire year's interest is generally deductible β€” the two rules are easy to mix up.

24 Sept 202611 min
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#nri-home-loan-interest#section-24b#let-out-property
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NRI Taxation

POA Sales and NRI Tax Liability: Who Pays?

When an NRI's brother signs the sale deed under a Power of Attorney, the capital-gains tax still belongs to the NRI who owns the flat β€” the signature doesn't move the liability.

24 Sept 202612 min
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#nri-poa-sale#power-of-attorney-tax#capital-gains-nri
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NRI Taxation

How to Apply for a Lower-TDS Order Before Selling Property as an NRI

Before your Indian property closes, filing Form 13 on TRACES can stop the buyer from withholding tax on your full sale price instead of your actual gain.

24 Sept 202612 min
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#lower-tds-certificate#form-13#section-197
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NRI Taxation

Gulf NRIs: How to Recover Excess Property TDS Through an Indian Refund

Because Gulf income is tax-free, there is no foreign credit to absorb India's property TDS β€” so filing an Indian ITR to reclaim the excess becomes the whole strategy.

24 Sept 202611 min
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#gulf-nri-tds#excess-tds-refund#gcc-nri-tax
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NRI Taxation

NRI Selling Inherited Agricultural Land: The FEMA and Tax Rules That Apply

You can inherit farmland in India as an NRI even though you could never have bought it β€” but selling it comes with its own buyer restrictions and a taxability test worth understanding before you list it.

24 Sept 202611 min
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#nri-agricultural-land#inherited-land-tax#fema-agri-land
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NRI Taxation

Capital Gains on Selling Inherited Property as an NRI

The previous owner's purchase price and purchase date carry over when an NRI sells inherited property β€” most of the sale price was never a taxable gain to begin with.

23 Sept 202612 min
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#nri-inherited-property#capital-gains-tax#cost-of-acquisition
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NRI Taxation

Selling Gifted Property as an NRI: Tax Implications

When an NRI sells a flat their parents gifted them, the taxable gain is measured from the donor's original cost and purchase date, not from zero.

23 Sept 202613 min
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#nri-gifted-property#capital-gains-tax#cost-basis-gift
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NRI Taxation

Tenant TDS When Renting an NRI-Owned Mumbai Flat

Tenants renting from an NRI landlord in Mumbai must deduct and deposit 31.2% TDS every single month β€” a duty most leave-and-licence agreements never mention.

23 Sept 202611 min
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#nri-rent-tds#mumbai-rental#tenant-tds
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NRI Taxation

30% Standard Deduction on NRI Rental Income

Most NRI landlords assume the 31.2% TDS deducted by their tenant is their final tax bill, when in fact only about 70% of their rent is taxable at all.

23 Sept 202611 min
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#nri-rental-income#standard-deduction#house-property-income