Indian income tax returns
Review the relevant year, residential status and income records. Get support with return preparation, tax-credit reconciliation and verification.
- Indian income and supporting records
- ITR preparation and filing queries
Home / NRI servicesLife abroad.
FOR INDIANS LIVING OVERSEAS
Life abroad.
Clarity in India.
Indian income tax and business compliance, with a clear point of contact in Pune.
From Indian ITRs and property-sale TDS to lower deduction applications and your Indian company's compliance, we help you keep the details in order.
Property-sale TDS rates and lower deduction guidanceNRI SERVICES
Your Indian commitments.
A clearer plan.
Support for property-sale TDS, lower deduction applications and your Indian company's compliance under applicable Indian laws.
Property & investment income
Bring Indian rent, property transactions, bank interest and investment records into your tax review.
- Rental income and property-sale records
- Capital gains and TDS reconciliation
Property-sale TDS payments
Get support with TDS calculations, payment documentation and the applicable filing requirements when an NRI sells property in India.
- Review of transaction and buyer / seller details
- TDS payment, return and certificate support
Lower TDS deduction applications
We assist with applications for a lower TDS deduction certificate, including supporting computations, documents and follow-up on queries.
- Review of eligibility and applicable application
- Certificate terms reviewed before use
Accounts you can follow from abroad
Stay informed about your Indian business with regular bookkeeping, bank reconciliations and useful management reports.
- Daily or monthly accounting
- Receivables, payables and cash-flow reviews
Business tax & payroll compliance
Keep the applicable filing work connected to your business records and an agreed schedule.
- GST and TDS preparation and returns
- PF, ESIC and Maharashtra Professional Tax
Indian company compliance
We take care of your Indian company's accounting, tax filings and statutory compliance under applicable Indian laws, within the agreed engagement.
- GST, TDS, payroll and income tax coordination
- MCA / ROC filings and annual compliance documentation
Business setup & registration
Discuss the structure, registrations and opening records for a new Indian business, with overseas ownership requirements reviewed as applicable.
- Company and LLP incorporation support
- New business bookkeeping and registration setup
Notices & past filing review
Understand an Indian tax notice or an unresolved filing query, assemble the records and discuss the response required.
- Notice and document review
- Reconciliation and response support
We confirm the work, responsibilities and professional fees after reviewing your situation. Your country of residence, income sources and business structure help us identify the right scope.
SELLING PROPERTY IN INDIA
TDS on your property sale.
Understand the deduction.
The buyer must deduct the applicable tax when buying taxable immovable property from a non-resident. Start with the holding period, transfer date and seller’s status.
Which section applies? If the earlier of credit or payment falls on or before 31 March 2026, Section 195 of the Income-tax Act, 1961 applies. From 1 April 2026, the corresponding provision is Section 393(2), Table item 17, of the Income-tax Act, 2025. The change of Act does not itself change these base rates.
Official guidance: TDS transition FAQs · Section 393
| Type of gain | Holding period | Transfer date / seller | Base TDS rate |
|---|---|---|---|
| Long-term capital gain | More than 24 months | Transfer on or after 23 July 2024 | 12.5% |
| Long-term capital gain · historical | More than 24 months | Transfer before 23 July 2024 | 20% |
| Short-term capital gain | 24 months or less | Non-resident individual or firm | 30% |
| Short-term capital gain | 24 months or less | Foreign company | 35% |
Rate and holding-period source: Income Tax Department’s property-sale TDS FAQ.
Surcharge, cess and treaty review
Add the applicable surcharge and 4% Health and Education Cess on tax plus surcharge. For example, 12.5% becomes 13% when no surcharge applies.
Check the relevant Double Taxation Avoidance Agreement (DTAA). Most treaties preserve India’s right to tax gains on Indian immovable property; living abroad does not automatically reduce the deduction.
The rate and the amount are separate
The table gives withholding rates, not a final assessment of the seller’s tax. Review the amount chargeable, exemptions and certificate or order requirements before calculating the deduction.
Where only part of the payment is taxable, the buyer can seek an Assessing Officer’s determination of that proportion under Section 395(2). The seller can apply for a lower or nil deduction certificate under Section 395(1). A private calculation does not replace an applicable certificate or order.
Discuss a lower TDS deduction application early
We review purchase and sale documents, improvement costs, the payment schedule and estimated taxable gains, then assist with the applicable application, TDS payments and filing. Under the 2025 Act, the application is made in Form 128. The Income Tax Department decides the certificate and its terms; submitting an application alone does not permit a lower deduction.
Discuss your property transactionWORKING WITH OUR PUNE OFFICE
Start with a conversation.
Know what comes next.
A simple way to begin, wherever you live.
01
Tell us what needs attention
Share your country, the Indian tax year or business involved, and a convenient contact time with its time zone.
02
Agree the scope and documents
Our office discusses your requirements, the records needed, professional fees and a suitable way to work together.
03
Review the work and next steps
Review the prepared accounts or filing information, confirm the required approvals and retain the relevant records.
READ BEFORE YOU ENQUIRE
Useful guidance.
A better starting point.
NRI tax
Living overseas? Prepare for your Indian income tax return
A starting checklist for residential status, Indian income, tax credits and return verification.
2 min readRead article
NRI business
Managing an Indian business from abroad: build a monthly routine
Stay informed through organised bookkeeping, management reports and a clear compliance responsibility list.
2 min readRead article
Important official links
Income Tax DepartmentNon-resident individual: AY 2026–27Income Tax DepartmentTDS rates on an NRI property saleIncome Tax DepartmentSection 395: lower deduction and chargeable amountIncome Tax DepartmentTDS transition from 1 April 2026Income Tax DepartmentNon-resident tax and residency FAQsReserve Bank of IndiaAccounts in India held by non-residentsIncome Tax DepartmentLower TDS deduction certificate guidanceIncome Tax DepartmentTRACESMinistry of Corporate AffairsMinistry of Corporate Affairs
General guidance. Check the rules and forms for the year and circumstances involved.
COMMON QUESTIONS
Before we
get started.
LET’S CONNECT
Your next step
starts here.
Tell us what you need help with in India. Share your overseas number and a convenient time to speak, and our Pune office will discuss the requirements with you.
HM
Prefer email? Write to us Harish MahajanM H Consultancy · Pune, India
Monday–Saturday · 10:00 AM–7:00 PM IST
Sunday: Closed
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