{"id":2766,"date":"2019-11-23T09:00:26","date_gmt":"2019-11-23T03:30:26","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=2766"},"modified":"2020-03-13T17:37:29","modified_gmt":"2020-03-13T12:07:29","slug":"how-to-sell-property-when-you-are-nri","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/","title":{"rendered":"How to Sell Property When you are Non-Resident Indian (NRI)"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you are a Non-Resident Indian and having a property in India and wants to sell it but confuse about the procedure, then you are at the correct place. In this article, I\u2019ll explain the whole procedure about the selling of property by the Non- resident Indian in India in simple steps.<\/span><\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=SUf0uOOC03g&amp;t=12s\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3585 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2020\/01\/Untitled-design-2.png\" alt=\"5 tips sell of property\" width=\"700\" height=\"400\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2020\/01\/Untitled-design-2.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2020\/01\/Untitled-design-2-300x171.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2020\/01\/Untitled-design-2-20x11.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Mostly_a_Non-Indian_resident_came_for_selling_their_property_in_India_when_there_is\" title=\"Mostly a Non-Indian resident came for selling their property in India when there is\u00a0\">Mostly a Non-Indian resident came for selling their property in India when there is\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Now_we_will_discuss_the_steps_that_an_NRI_has_to_take_for_selling_its_property_in_India\" title=\"Now we will discuss the steps that an NRI has to take for selling its property in India:\">Now we will discuss the steps that an NRI has to take for selling its property in India:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#The_capital_gain_shall_be_calculated_in_the_following_manner\" title=\"The capital gain shall be calculated in the following manner\">The capital gain shall be calculated in the following manner<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Exemptions_available_to_NRI\" title=\"Exemptions available to NRI\">Exemptions available to NRI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Section_54_of_Income_Tax_Act_1961_Capital_gain_on_sale_of_Residential_house\" title=\"Section 54 of Income Tax Act, 1961: Capital gain on sale of Residential house\">Section 54 of Income Tax Act, 1961: Capital gain on sale of Residential house<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Assesse_Person_should_be_individual_or_HUF\" title=\"Assesse: Person should be individual or HUF\">Assesse: Person should be individual or HUF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Conditions\" title=\"Conditions:\u00a0\">Conditions:\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#New_Asset\" title=\"New Asset:\">New Asset:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Amount_of_Exemption\" title=\"Amount of Exemption:\">Amount of Exemption:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#The_time_period_for_acquiring_new_assets\" title=\"The time period for acquiring new assets\">The time period for acquiring new assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Restriction_on_transfer_of_new_assets\" title=\"Restriction on transfer of new assets\">Restriction on transfer of new assets<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#The_consequence_of_the_violence_of_the_above_conditions\" title=\"The consequence of the violence of the above conditions\">The consequence of the violence of the above conditions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#Section_54EC_of_Income_Tax_Act_1961_Investment_in_Certain_Bonds\" title=\"Section 54EC of Income Tax Act, 1961: Investment in Certain Bonds\">Section 54EC of Income Tax Act, 1961: Investment in Certain Bonds<\/a><\/li><\/ul><\/nav><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Mostly_a_Non-Indian_resident_came_for_selling_their_property_in_India_when_there_is\"><\/span><strong>Mostly a Non-Indian resident came for selling their property in India when there is\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">hike in the price of the property in India or\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Becomes difficult for the NRI to manage the property\u00a0<\/span><\/li>\n<\/ol>\n<h3><span class=\"ez-toc-section\" id=\"Now_we_will_discuss_the_steps_that_an_NRI_has_to_take_for_selling_its_property_in_India\"><\/span><strong>Now we will discuss the steps that an NRI has to take for selling its property in India:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ol>\n<li><b>Rate of the Property:<span style=\"font-weight: 400;\"> If you are planning for <a href=\"https:\/\/aktassociates.com\/nri-lower-tds-certificate-sale-of-property-in-india\">selling the property<\/a> then the most important thing that you should know, is the price of your property. Since you are a Non-Indian Resident, hence this information can be known through property dealer in your areas. He should already know what are the benefits or disadvantages of the property.<\/span><\/b><\/li>\n<li><b>Engaging an Agent:<span style=\"font-weight: 400;\"> As we already discussed above that the NRI should take the help of a property dealer by appointing an agent. Although it is not compulsory for NRI that he cannot sell the property without any real estate agent but it would be a benefit for NRI as it gives assistance for them who does not know about the property or the buyer nearby.<\/span><\/b><\/li>\n<li><b>Marketing of your Property: <span style=\"font-weight: 400;\">For selling the property it would be necessary for the NRI to market the property. For this, he may use a social network or advertisement banner at the house or telling his friends or relatives to help him for selling the house.<\/span><\/b><\/li>\n<li><b>Documents Filing: <span style=\"font-weight: 400;\">Since the Selling of property involves a lot of documents, hence it would be better for the NRI and buyer that they should ensure all the paperwork and document filing inappropriate manner. For Example Sale deed, NOC Certificate, Letter of allotment, undivided share of the land (UDS), etc.<\/span><\/b><\/li>\n<li><b>Take Legal Advice: <span style=\"font-weight: 400;\">For NRI there are so many compliances that he has to follow for selling the property in India.\u00a0<\/span><\/b><\/li>\n<\/ol>\n<p><a href=\"https:\/\/aktassociates.com\/nri-lower-tds-certificate-sale-of-property-in-india\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-3035\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/A-Need-CA-For-Lower-TDS_-Consult.png\" alt=\"A Need CA For Lower TDS_ Consult\" width=\"700\" height=\"100\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/A-Need-CA-For-Lower-TDS_-Consult.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/A-Need-CA-For-Lower-TDS_-Consult-300x43.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/A-Need-CA-For-Lower-TDS_-Consult-20x3.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p><strong>For Example:\u00a0<\/strong><\/p>\n<ul>\n<li><b><span style=\"font-weight: 400;\">If the NRI is selling the property which has been inherited him from any person who is a resident in India then after satisfying certain conditions, he can repatriate the funds without the permission of the reserve bank of India. However where the property is inherited to him from the person who is not an Indian resident then such NRI would require to take the permission of the central bank before repatriating the funds of selling of property outside India.<\/span><\/b><\/li>\n<li><span style=\"font-weight: 400;\">Similarly, legal compliances like the determination of the rate and amount at which TDS should be deducted, Depositing of TDS return, Calculating the correct amount of capital gain, Availing in the scheme u\/s 54 or 54F or 54EC.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Hence, it is advisable that the parties should take the advice of a Chartered Accountant to be clear about their tax structure.<\/span><\/p>\n<p><b>\u00a0 \u00a0 6. Ending the deal:<span style=\"font-weight: 400;\"> Normally an NRI can have 2 bank accounts which are<\/span><\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/aktassociates.com\/blog\/nre-nro-account\/\"><span style=\"font-weight: 400;\">Non-Resident External Account (NRE Account)<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Non-Resident Ordinary Account(NRO Account)\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If NRI has any income which is generated in India, then he should deposit it in the NRO Account. Hence, the consideration received from the sale of such property shall be required to be deposited in an NRO account by the NRI.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Till now we have discussed the general compliances about the things that the NRI should be taken care of. Now, let us discuss the tax compliances that an NRI should know before selling the property.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the property is being sold within 2 years of its purchase by the NRI then any gain from such property would be called short term <a href=\"https:\/\/aktassociates.com\/blog\/capital-gain-tax-deduction-sale-property\/\">capital gain <\/a>and if the property was sold out after 2 years of purchasing it then it would be long term capital gain.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the property is inherited to NRI then also it would be considered as long term capital gain\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the case of Long term capital gain, NRI shall be required to pay tax @ 20% on such gain and the buyer is also required to deduct the TDS @ 20% on the selling price<a href=\"https:\/\/aktassociates.com\/blog\/tds-section-194ia\/\"> U\/s 194IA.<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the case of Short term capital gain, NRI shall be required to pay tax as per the normal slab rates of the Income Tax Act, 1961.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_capital_gain_shall_be_calculated_in_the_following_manner\"><\/span><strong>The capital gain shall be calculated in the following manner<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><\/td>\n<td><b>Particulars<\/b><\/td>\n<td><b>Amount<\/b><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">The full value of sale consideration<\/span><\/td>\n<td><span style=\"font-weight: 400;\">xxx<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Less:<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Expenses incurred in connection with the sale<\/span><\/td>\n<td><span style=\"font-weight: 400;\">xxx<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Net Consideration<\/span><\/td>\n<td><b>xxx<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Less:<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cost of Acquisition<\/span><\/td>\n<td><span style=\"font-weight: 400;\">xxx<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Less:<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Cost of Improvement<\/span><\/td>\n<td><span style=\"font-weight: 400;\">xxx<\/span><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><span style=\"font-weight: 400;\">Capital Gain<\/span><\/td>\n<td><b>xxx<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">If the capital gain is long term capital gain then the cost of acquisition shall be taken after indexation.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Exemptions_available_to_NRI\"><\/span><strong>Exemptions available to NRI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The tax on capital gain earned by the <a href=\"https:\/\/aktassociates.com\/nri-lower-tds-certificate-sale-of-property-in-india\">NRI on selling the property<\/a> can be reduced to nil if he has invested in the schemes as specified in section 54 and 54EC. Although these sections are very broad so I\u2019ll explain it only in respect of NRI.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Section_54_of_Income_Tax_Act_1961_Capital_gain_on_sale_of_Residential_house\"><\/span><b>Section 54 of Income Tax Act, 1961: Capital gain on sale of Residential house<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Assesse_Person_should_be_individual_or_HUF\"><\/span><b>Assesse:<\/b><span style=\"font-weight: 400;\"> Person should be <a href=\"https:\/\/aktassociates.com\/blog\/hindu-undivided-family-taxability-benefits\/\">individual or HUF<\/a><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Conditions\"><\/span><b>Conditions:\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">There should be the transfer (Sale) of residential house property which should be held for more than 2 years i.e. such residential property should be the long term capital asset.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"New_Asset\"><\/span><b>New Asset:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Non- resident individuals can avail of the exemption by purchasing only one residential house property. Although, if 2 adjacent houses converted into single houses then it shall also be eligible for exemption.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Amount_of_Exemption\"><\/span><b>Amount of Exemption:<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">NRI shall be eligible for the exemption of lower of\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A capital gain arises from the sale of an asset<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cost of new Asset<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_time_period_for_acquiring_new_assets\"><\/span><b>The time period for acquiring new assets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It should be purchased within 1 year before the transfer or 2 years after the transfer<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Or<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It should be constructed within 3 years from the date of transfer.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Restriction_on_transfer_of_new_assets\"><\/span><b>Restriction on transfer of new assets<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">New assets acquired shall not be transferred within 3 years from the date of purchase or the date of construction as the case may be.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_consequence_of_the_violence_of_the_above_conditions\"><\/span><b>The consequence of the violence of the above conditions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">If the NRI violates any condition of <a href=\"https:\/\/aktassociates.com\/blog\/section-54-of-the-income-tax-act-capital-gain-exemption\/\">section 54<\/a> after claiming the exemption then as and when the new asset would be sold then the cost of acquisition of new asset transferred shall be reduced by the capital gain exempted earlier for the purpose of computation of capital gain of new assets.<\/span><\/p>\n<h3><a href=\"https:\/\/aktassociates.com\/nri-lower-tds-certificate-sale-of-property-in-india\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1372 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/08\/NRE-NRO-Accounts-Banner-image-1.png\" alt=\"NRE &amp; NRO Accounts\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/08\/NRE-NRO-Accounts-Banner-image-1.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/08\/NRE-NRO-Accounts-Banner-image-1-300x64.png 300w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/08\/NRE-NRO-Accounts-Banner-image-1-20x4.png 20w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"Section_54EC_of_Income_Tax_Act_1961_Investment_in_Certain_Bonds\"><\/span><b>Section 54EC of Income Tax Act, 1961: Investment in Certain Bonds<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><b>Assesse: <\/b><span style=\"font-weight: 400;\">Person may be the any assesse<\/span><\/p>\n<p><b>Conditions: <\/b><span style=\"font-weight: 400;\">There is a sale of any long term capital asset being land and building or both.<\/span><\/p>\n<p><b>New Asset:<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The gain from the transfer shall be exempted when such amount has been invested within 6 months of such transfer, in any of the following bonds:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">National Highway Authority of India or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Rural Electrification Corp. Ltd. or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Power finance corporation limited or<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Indian railway finance corporation limited<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><strong>Note:<\/strong> the exemption shall be valid only if these bonds would be redeemable after 5 years from the date of issue.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>Note:<\/strong> The maximum amount of exemption Rs.50 Lakhs.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you are a Non-Resident Indian and having a property in India and wants to sell it but confuse about &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"How to Sell Property When you are Non-Resident Indian (NRI)\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#more-2766\">Read more<span class=\"screen-reader-text\">How to Sell Property When you are Non-Resident Indian (NRI)<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":2778,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How to Sell Property When you are Non-Resident Indian (NRI)<\/title>\n<meta name=\"description\" content=\"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How to Sell Property When you are Non-Resident Indian (NRI)\" \/>\n<meta property=\"og:description\" content=\"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\" \/>\n<meta property=\"og:site_name\" content=\"AKT Associates\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-23T03:30:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-13T12:07:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Arun Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Arun Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\"},\"author\":{\"name\":\"CA Arun Tiwari\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\"},\"headline\":\"How to Sell Property When you are Non-Resident Indian (NRI)\",\"datePublished\":\"2019-11-23T03:30:26+00:00\",\"dateModified\":\"2020-03-13T12:07:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\"},\"wordCount\":1180,\"commentCount\":5,\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png\",\"articleSection\":[\"NRI\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\",\"name\":\"How to Sell Property When you are Non-Resident Indian (NRI)\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png\",\"datePublished\":\"2019-11-23T03:30:26+00:00\",\"dateModified\":\"2020-03-13T12:07:29+00:00\",\"description\":\"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits\",\"breadcrumb\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png\",\"width\":500,\"height\":300,\"caption\":\"How to sell property when you are NRI\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/aktassociates.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How to Sell Property When you are Non-Resident Indian (NRI)\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"name\":\"AKT Associates\",\"description\":\"World&#039;s first WhatsApp based Tax Compliance Firm\",\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/aktassociates.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\",\"name\":\"AKT Associates\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"width\":70,\"height\":70,\"caption\":\"AKT Associates\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\",\"name\":\"CA Arun Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"caption\":\"CA Arun Tiwari\"},\"url\":\"https:\/\/aktassociates.com\/blog\/author\/arunsir\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How to Sell Property When you are Non-Resident Indian (NRI)","description":"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/","og_locale":"en_US","og_type":"article","og_title":"How to Sell Property When you are Non-Resident Indian (NRI)","og_description":"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits","og_url":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/","og_site_name":"AKT Associates","article_published_time":"2019-11-23T03:30:26+00:00","article_modified_time":"2020-03-13T12:07:29+00:00","og_image":[{"width":500,"height":300,"url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png","type":"image\/png"}],"author":"CA Arun Tiwari","twitter_card":"summary_large_image","twitter_misc":{"Written by":"CA Arun Tiwari","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#article","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/"},"author":{"name":"CA Arun Tiwari","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d"},"headline":"How to Sell Property When you are Non-Resident Indian (NRI)","datePublished":"2019-11-23T03:30:26+00:00","dateModified":"2020-03-13T12:07:29+00:00","mainEntityOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/"},"wordCount":1180,"commentCount":5,"publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png","articleSection":["NRI"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/","url":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/","name":"How to Sell Property When you are Non-Resident Indian (NRI)","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png","datePublished":"2019-11-23T03:30:26+00:00","dateModified":"2020-03-13T12:07:29+00:00","description":"Reason for selling the property by NRI Things that have to be consider by the NRI before selling his property in IndiaTax benefits available on sale of property and its conditions to avail such benefits","breadcrumb":{"@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#primaryimage","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/11\/How-to-sell-property-when-you-are-NRI.png","width":500,"height":300,"caption":"How to sell property when you are NRI"},{"@type":"BreadcrumbList","@id":"https:\/\/aktassociates.com\/blog\/how-to-sell-property-when-you-are-nri\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/aktassociates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"How to Sell Property When you are Non-Resident Indian (NRI)"}]},{"@type":"WebSite","@id":"https:\/\/aktassociates.com\/blog\/#website","url":"https:\/\/aktassociates.com\/blog\/","name":"AKT Associates","description":"World&#039;s first WhatsApp based Tax Compliance Firm","publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aktassociates.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/aktassociates.com\/blog\/#organization","name":"AKT Associates","url":"https:\/\/aktassociates.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","width":70,"height":70,"caption":"AKT Associates"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d","name":"CA Arun Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","caption":"CA Arun Tiwari"},"url":"https:\/\/aktassociates.com\/blog\/author\/arunsir\/"}]}},"_links":{"self":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/2766"}],"collection":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=2766"}],"version-history":[{"count":10,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/2766\/revisions"}],"predecessor-version":[{"id":3604,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/2766\/revisions\/3604"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media\/2778"}],"wp:attachment":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=2766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=2766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=2766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}