๐๐๐๐ถ๐ป๐ด ๐ณ๐ฟ๐ผ๐บ ๐ฎ๐ป ๐ก๐ฅ๐? ๐๐ผ๐ปโ๐ ๐ณ๐ผ๐ฟ๐ด๐ฒ๐ ๐๐ผ ๐๐ฎ๐ ๐๐ผ๐๐ฟ ๐๐ฟ๐๐๐.
More and more Indians are buying resale flats from NRIs.
Why not? Great locations. Lower prices. Minimal negotiation.
The story is simple:
โIโm settled abroad now โ just selling my flat in India.โ
But hidden in this common deal is a rare tax trap.
When you buy property from an NRI, you โ the buyer โ are legally required to deduct 20โ30% TDS and deposit it with the government.
Yes. Even if the seller is honest. Even if the deal is clean.
If you skip this, the tax department will knock on your door, not the NRIโs.
One mistake, and you might owe โน20โ30 lakhs, long after the flat is registered in your name.
The twist no one tells you:
The seller can reduce this TDS legally โ with something called a Lower or Nil TDS Certificate from the Income Tax Department.
It proves their actual tax liability is lower (say just โน8 lakhs in capital gains).
If they have it, you only deduct that amount โ and everyone walks away happy.
As urban India sees more NRI resale listings, this detail is becoming crucial:
Whether you're a buyer, agent, or startup in the property game โ this one clause can save you lakhs, and legal sleepless nights.
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