Selling Property in Mumbai as an NRI: Tax & Repatriation

TDS, lower deduction certificates and Form 15CA/15CB.

TDS on sale

Buyers must deduct TDS on the full sale value for NRI sellers; a lower deduction certificate under Section 197 can reduce it to tax on actual gains.

Repatriation

Funds can be repatriated up to USD 1 million per year with Form 15CA/15CB certified by a CA.

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