NRI Properties and their Sale agreements, Sale Deed and Taxes

There are too many offers and sellers in the real estate market offering at a fancy or low price of properties, supposed to be owned or from NRI.

We have come across many irregularities, but not all.

Please consult the best Chartered Accountant, who is well versed in NRI related Income Tax and TDS issues.

Please consult the best Advocate and other experts in the real estate sector to advise the buyers.

It is offered at a sweet price. Be Careful.

There is TDS at 23%.

There is an unregistered sale agreement.

There is an unregistered GENERAL POWER OF ATTORNEY in favour of a relative. ( We advise extreme and utmost care in dealing with any property sold on GPA)


By entering into any cash transaction with them ( Fraudulent) the buyer will be inviting Income Tax Investigation Department, Enforcement Directorate, and Police ( criminal suit) to their homes because it is offered at a very low price and usually a CATCH.

Be Careful with DOLLARS. Any Transaction will invite deportation and serious economic and criminal offences in both countries.

The GPA`s issued or executed by the NRI`s must also be thoroughly examined. In many cases, non-blood relatives are termed and authorised or empowered to deal with the properties.

Leave a Reply

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.