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 | |||