Important Selling Tips to Avoid NRI Land Disputes

1
Important Selling Tips for sellers advised by top
NRI legal services in India are being presented
for people residing abroad.

https//www.ahlawatassociates.com
2
Possession Of PAN Card Is Mandatory

• The law governing PAN application specifically
  states that the sale or purchase of any immovable
  property by an NRI, the value of which is in
  excess of Rs 10 lakh, requires the possession of
  a PAN card.
• https//www.ahlawatassociates.com

3
Maintain Original Documents Of Inherited Property

• The majority of NRI land disputes are related to
  inherited property and to avoid any legal trouble
  and financial loss, it is essential to maintain
  the proof of possession of the asset in the form
  of original ownership documents.
• https//www.ahlawatassociates.com

4
Buyer Will Be Deducting TDS

• The Income Tax Act requires the buyer of a
  property belonging to an NRI, to deduct 20 of
  the sale value of the transaction before making
  the net payment.
• https//www.ahlawatassociates.com

5
Must Have an NRO/NRE/FCNR Account

• A genuine buyer will insist on the NRI seller
  having either an Non Resident Ordinary, Non
  Resident External or a Foreign Currency Non
  Repatriable account, in which the money for the
  transaction will be deposited.
• https//www.ahlawatassociates.com

6
Ensure That The Buyer Has TAN

• Any person purchasing a piece of property from an
  NRI must have a Tax Deduction and Collection
  Account Number (TAN), failing which penalties may
  be levied on the buyer
• https//www.ahlawatassociates.com

7
Contact us

• A-33, Lower Ground Floor,
• Defence Colony,
• New Delhi 110024, India.
• Email admin_at_ahlawatassociates.in
• https//www.ahlawatassociates.com