NRI property selling TDS taxes 20%

[Aghori]

Mastarsu, India la property sell chesthe 20% TDS tax kattali anta kada...with declining rupee value against dollar...is it worth investing in India? Is there a way go around this TDS tax? any insights or experiences?

[manamthoupule]

3 minutes ago, Aghori said:

Mastarsu, India la property sell chesthe 20% TDS tax kattali anta kada...with declining rupee value against dollar...is it worth investing in India? Is there a way go around this TDS tax? any insights or experiences?

TDS is 33.99% for short term gains(less than 2 years) and 22.66% for long term gains. You can buy another property with proceedings from sale to get around TDS but you eventually have to pay TDS when you want to bring the money back.

[Aghori]

25 minutes ago, manamthoupule said:

TDS is 33.99% for short term gains(less than 2 years) and 22.66% for long term gains. You can buy another property with proceedings from sale to get around TDS but you eventually have to pay TDS when you want to bring the money back.

buy land in parents name, parent sells it and gift deeds the money to you, then you repatriate the money will theoretically bypass the 20% TDS. But I am not sure if anyone does this practically.

[pittagoda]

18 minutes ago, Aghori said:

buy land in parents name, parent sells it and gift deeds the money to you, then you repatriate the money will theoretically bypass the 20% TDS. But I am not sure if anyone does this practically.

They do. 3% tax or something 

[jefferson1]

ikkada Nri ante american citizen a ? 

leka h1b's a

[ABpropertyconsultenc]

32 minutes ago, Aghori said:

buy land in parents name, parent sells it and gift deeds the money to you, then you repatriate the money will theoretically bypass the 20% TDS. But I am not sure if anyone does this practically.

Appudu IT vallu vastaru..

[ABpropertyconsultenc]

33 minutes ago, Aghori said:

buy land in parents name, parent sells it and gift deeds the money to you, then you repatriate the money will theoretically bypass the 20% TDS. But I am not sure if anyone does this practically.

Capital gain tax is compulsory if it will on ur parents name also..

With registration itself TDS wil cut.. after returns submission amount will returned..

[Aghori]

22 minutes ago, pittagoda said:

They do. 3% tax or something 

1% anukunta

 

5 minutes ago, ABpropertyconsultenc said:

Capital gain tax is compulsory if it will on ur parents name also..

With registration itself TDS wil cut.. after returns submission amount will returned..

Capital gain for paretns will be 1% anukunta, not 20%. Can NRis apply for tax returns in India? I dont think so.

[Aghori]

12 minutes ago, jefferson1 said:

ikkada Nri ante american citizen a ? 

leka h1b's a

This I am not sure but I positive its greencard holders and american citizens

[ABpropertyconsultenc]

35 minutes ago, Aghori said:

1% anukunta

 

Capital gain for paretns will be 1% anukunta, not 20%. Can NRis apply for tax returns in India? I dont think so.

TDS 1 percent for Indians..

Capital gains same for anyone..

 

[ABpropertyconsultenc]

49 minutes ago, jefferson1 said:

ikkada Nri ante american citizen a ? 

leka h1b's a

More than 180 days not stayed they are NRIs

[Aghori]

2 minutes ago, ABpropertyconsultenc said:

TDS 1 percent for Indians..

Capital gains same for anyone..

 

Thanks for the clarification, will above strategy workout to avoid paying tds? Or is it illegal?

[ABpropertyconsultenc]

2 minutes ago, Aghori said:

Thanks for the clarification, will above strategy workout to avoid paying tds? Or is it illegal?

Parents Peru meda nundi transfer ayyina NRI ki tds 20 persent compulsory..

If not it will be risk for buyer.. it should be mentioned in document..

[Aghori]

18 minutes ago, ABpropertyconsultenc said:

Parents Peru meda nundi transfer ayyina NRI ki tds 20 persent compulsory..

If not it will be risk for buyer.. it should be mentioned in document..

Example: NRI kid sends money to parents in India. Parents buy the property on their name. Parents sell the property after few years for profit. They pay whatever taxes and TDS Indian citizens need to pay. Then parents send money to the NRI kid as gift and they can send 100k per year without taxes. In this scenario, how is the NRI kid responsible for the 20% TDS?

[quickgun_murugun]

2 hours ago, Aghori said:

Mastarsu, India la property sell chesthe 20% TDS tax kattali anta kada...with declining rupee value against dollar...is it worth investing in India? Is there a way go around this TDS tax? any insights or experiences?

waste kaka... nuvvu 60 unnappudu pampi ippudu 80 ki ammi and dani meeda tax katti US ki vapas techukotaniki malli exchange rate katti.. last ki nee 60 neeku osthadi.. unless the property value increase 4 times you have no profit.