8 things to know if you are an NRI buying or selling property in India: FEMA rules, power of attorney and more
New Delhi, Aug. 8 -- Buying or selling property in India is complex for NRIs. Beyond price negotiations lies a maze of regulations. Tax rules, FEMA guidelines and documentation all add complexity. A single mistake can delay transactions for months. Here are 8 key issues experts recommend understanding first.
A missing PAN card remains a common problem among NRIs. Without it, TDS gets deducted at a higher 20% rate.
Other essentials include the original sale deed or certified copy. A legal heir certificate is needed for inherited properties.
For converted properties, include the freehold conversion deed too. Seeking professional advice early can prevent costly compliance mistakes later.
Dollar income often makes Indian property seem che...
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