Investment Plan for NRIs in India

If you invest carefully in reputed properties, it can appreciate quite a bit

File photo
File photo

NRIs can invest in residential real estate and commercial real estate. They can avail of loans in India to buy property. NRIs are not allowed to invest in farms, agricultural land, and plantations.

But it might be tough to stay updated from far away and it is difficult to manage if there are some documentation or any processes  to be done

The sale of house property after 2 years of purchase is considered a long-term capital gain, and a TDS of 20% is applicable.

The sale of house property within 2 years of purchase is considered as short-term gain and a TDS of 30% is applicable.  buyer shall deduct TDS at 20%.

You are allowed to claim capital gains exemption by investing in house property in India as per Section 54 or investing in Capital Gains Bonds as per Section 54EC.

You can also deposit your gains in a PSU bank or other banks as per the Capital Gains Account Scheme, 1988. Claim this as an exemption while filing returns and you will get a refund.

Till a few years back property was one of the favorite Investment Options in India by NRIs but now they have seriously started considering financial investments like Mutual Funds

https://wisenri.com/nri-investment-options-in-india/