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Incross Fintech LLP

We are NRI-focused platform, having expertise in international tax, inheritance laws, and Indian legal frameworks. We are backed by technology.

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Our Blogs

How NRIs Can Use Power of Attorney (POA) to Sell Property in India
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Step-by-Step Process for Registration of Agreement to Sell
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What to Include In A Property Sale Agreement: A Detailed Guide?
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What are the important things to keep in mind from selling property in india
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What are key components of agreement to sell?
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Review of Agreement to sell
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Legal comparisons for the property transaction where atleast one of the parties is NRI?
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Important clauses for the NRI in agreement to sell
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Benefits of sale agreement
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Sale Deed vs Sale Agreement
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Legal comparisons for the property transaction where atleast one of the parties is NRI?

Legal Comparisons for Property Transactions Involving NRIs    

  Buyer Seller buyer seller Buyer seller
  NRI Resident Resident NRI NRI NRI
Purchase of Other than agriculture land Yes yes yes
Purchase of Agricultural Land allowed? No, only inheritance is allowed yes No, Inheritance is allowed
Payment Method NRO/NRE Account NRO account only Buyer - NRO/NRE accountSeller - NRO account
Lower TDS deduction certificate? No yes yes
Repatriation ? NA If property acquired from :Indian Funds - Upto $1 mnForeign Funds - No limit If property acquired from :Indian Funds - Upto $1 mnForeign Funds - No limit
TAN Number by buyer? No yes yes
PAN required? yes yes yes
TDS Form 16 B 16 A 16 A
KYC Required? No No yes
Power of attorney? yes yes yes
Joint Onwership allowed with NRI or Resident NRI or Resident NRI or Resident

 

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