India, Oct. 11 -- Rajesh Mehta, an NRI residing in the United States, is returning to Bengaluru after his five-year H1B visa expires. He owns three properties in the city, next to his child's school, where he plans to reside; an apartment in the outskirts, which he plans to sell; and a house in Mysore, which he plans to rent out.

When selling, he faces capital gains tax; rental income will be subject to income tax; wealth tax considerations may apply to his total property holdings; stamp duty and registration charges will arise upon new occupancy; and TDS compliance must be managed for rented properties.

Experts said careful planning can optimise his tax liability.

The tax calculation on the sale of property shall depend on the period ...