Income Tax Return for NRI Person

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Keyur (Querist)
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21 May 2024 Dear Sir/Madam
I have following questions of non-resident individual.

1) He has house and other property in India and want to sell all property and he want to transfer all fund received ag. Sell of property in his NRO Bank account then he want to file his tax return in india and tax payable at which rate?
2) He has balance in saving bank account in India and he want to transfer his fund in his NRO account then is any tax payable by NRI?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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21 May 2024 1. LTCG at 20% rate, but if STCG will be taxed at slab rate.
2. Depends upon the source of income and amount. In general, no tax liability.

Keyur

Keyur (Querist)
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22 May 2024 Thanks for prompt reply

How to get lower deduction certificate by NRI by form 13 and which documents required for that, if property like house, land sale.
If buyer of property has not TAN NO then what to do in this case ??

Balance in savings bank account, there are agriculture income then is any tax payable by NRI for transfer fund sb account to NRO account??

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 May 2024 1. Refer: https://cleartax.in/s/form-13-tds-deduction
2. Buyer must apply for TAN, when TDS is required to be deducted from NRI seller,.
3. By filing relevant ITRs & form 15CA/CB issued by CA.

Keyur

Keyur (Querist)
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22 May 2024 Sir,

Suppose buyer is individual then also he has to apply for TAN?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 May 2024 Yes, specifically if he purchases from NRI seller.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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05 September 2024 Good Luck.

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