Property Tax & TDS Services for NRIs
Expert guidance on property tax implications and TDS compliance for Non-Resident Indians owning property in India.
Understanding Property Tax & TDS for NRIs
Non-Resident Indians (NRIs) owning property in India face unique tax implications, including property tax obligations and Tax Deducted at Source (TDS) requirements on property transactions.
Property Tax for NRIs
Property tax is a local tax imposed by municipal authorities on property owners in India. For NRIs, managing property tax involves:
- Annual property tax payments to local municipal authorities
- Compliance with local property tax regulations
- Managing tax payments remotely
- Claiming available exemptions and deductions
TDS on Property Transactions
When an NRI sells property in India, the buyer is required to deduct TDS from the sale consideration. Key aspects include:
- TDS rate of 20% plus applicable surcharge and cess
- Buyer's responsibility to deduct and deposit TDS
- Form 26QB filing requirements
- TDS certificate issuance process
Our Property Tax & TDS Services for NRIs
We offer comprehensive services to help NRIs manage their property tax obligations and TDS compliance in India.
Property Tax Advisory
Expert guidance on property tax implications for NRIs owning property in India.
- Property tax assessment guidance
- Tax payment facilitation
- Exemption and deduction optimization
TDS Compliance
Comprehensive assistance with TDS compliance for property transactions.
- TDS calculation assistance
- Form 26QB filing support
- TDS certificate procurement
Lower TDS Certificate
Assistance with obtaining lower TDS certificates to optimize tax outflow.
- Application preparation
- Documentation support
- Follow-up with tax authorities
Additional Services
Beyond our core property tax and TDS services, we offer specialized solutions to address specific needs of NRIs.
Property Tax Representation
We represent NRIs before local municipal authorities for property tax matters, including:
- Property tax assessment disputes
- Penalty and interest waiver requests
- Property reclassification applications
TDS Refund Assistance
We assist NRIs in claiming refunds of excess TDS deducted on property transactions, including:
- Income tax return filing for refund claims
- Documentation for capital gains computation
- Follow-up with tax authorities for refund processing
Key Considerations for NRIs
Important factors that NRIs should consider regarding property tax and TDS in India.
Property Tax Variations
Property tax rates and calculation methods vary across different municipalities in India. It's important to understand the specific regulations applicable to your property's location.
TDS Compliance Responsibility
While the buyer is responsible for TDS deduction and deposit, NRIs should ensure proper compliance to avoid future tax disputes and to facilitate smooth property transactions.
Tax Planning Opportunities
Proper tax planning, including obtaining lower TDS certificates and claiming eligible exemptions, can significantly reduce the tax burden on property transactions for NRIs.
Why Choose Us
Our expertise and experience make us the preferred choice for NRI property tax and TDS services.
Specialized Expertise
Our team has specialized knowledge and experience in NRI taxation and property matters, ensuring that you receive expert advice tailored to your specific situation.
End-to-End Support
We provide comprehensive support throughout the entire process, from initial consultation to final compliance, ensuring a hassle-free experience for NRIs.
Personalized Service
We provide personalized service, taking the time to understand your unique circumstances and providing tailored solutions to meet your specific needs.