Selling property in India as an NRI? Know these special tax rules, TAN requirements
NRIs must follow special tax rules when selling property in India. These differ from the rules for resident Indian sellers. For NRI sellers, there is no minimum amount for TDS deduction. Resident sellers get a ₹50 lakh limit before TDS applies. Their property sales usually attract TDS of 1%under Section 194-IA. However, TDS on property…