Buying Property from an NRI: Legal Rules You Must Know

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2025-07-03 13:55:48 - Translate -

Buying property from a Non-Resident Indian (NRI) requires compliance with FEMA and Income Tax laws. Payments must be made through banking channels to the seller’s NRO account—cash or foreign currency is not allowed. Under Section 195, buyers must deduct TDS at 14.95% on the full sale value and file Form 27Q within 30 days. If the NRI provides a lower deduction certificate, TDS can...

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