Selling Property

ABOUT US

Simplifying Financial & Legal Transactions for NRIs Worldwide

We assist Non-Resident Indians (NRIs) in selling their residential or commercial properties in India and ensure the seamless repatriation of sale proceeds to their country of residence.

Problem Addressed:

NRIs often face challenges in navigating the complex regulations governing property sales and the subsequent transfer of funds abroad, including compliance with the Foreign Exchange Management Act (FEMA) and Reserve Bank of India (RBI) guidelines.

Process Flow:

1. Property Valuation and Market Analysis:
Conduct a comprehensive assessment to determine the property's fair market value. Provide Valuation Range Estimate (VRE).
2. Legal Due Diligence:
Verify property titles, ensure clear ownership, and check for any encumbrances.
3. Marketing and Buyer Identification:
Promote the property through appropriate channels to attract potential buyers.
4. Negotiation and Sale Agreement:
Facilitate negotiations and draft the sale agreement, ensuring all terms comply with legal standards.
5. Tax Deduction at Source (TDS):
Ensure the buyer deducts TDS at the applicable rate and provides the TDS certificate.
6. Payment and Deposit:
Ensure the sale proceeds are deposited into the NRI's Non-Resident Ordinary (NRO) account.
7. Tax Compliance:
Assist in calculating capital gains tax, filing income tax returns, and obtaining a Chartered Accountant's certificate in Form 15CB.
8. Repatriation Documentation:
Prepare and submit Form 15CA to the Income Tax Department, along with Form 15CB, to authorize the transfer.
9. Fund Transfer:
Coordinate with authorized dealer banks to facilitate the remittance of funds to the NRI's overseas account, adhering to the RBI's repatriation limit of up to USD 1 million per financial year.
10. FEMA compliance:
For transactions more than USD 1 million per financial year, apply for RBI approvals.

Contact us today

Discover how we make NRI transactions simple, secure, and stress-free.