Capital Gain Consultant for NRI

If you are looking for a capital gain consultant for NRI property transactions in India, the tax and compliance picture is more layered than a standard resident sale.

At Karnani and Co., Chartered Accountants in Jaipur, we work with NRIs at every stage of the sale: from applying for a Lower TDS Certificate before the agreement is signed, to filing the ITR and completing 15CA/15CB documentation for repatriation once the funds are in your account.

What NRI Capital Gains Tax Involves and Why It Is Different

When an NRI sells immovable property in India, the buyer is required to deduct TDS at 12.50% on long-term capital gains or 30% on short-term gains under Section 195, before transferring the sale proceeds. This deduction happens at source, regardless of what your actual tax liability works out to be after exemptions.

The practical result is that many NRIs end up with more TDS deducted than their actual tax liability, and the excess sits locked until an ITR is filed and a refund is processed. Others, who contact us before the sale is finalised, are able to apply for a Lower TDS Certificate under Section 197, which brings the deduction down to the actual liability figure before a rupee changes hands.

Beyond the TDS, NRI capital gains computation involves:

• Capital Gain Tax Calculation and decision whether lower tax deduction certificate to be applied or not
• Exemption options under the relevant sections of the Income Tax Act for reinvestment in residential property or specified bonds
• DTAA relief where a tax treaty between India and your country of residence applies
• Form 15CA and 15CB for repatriation of net sale proceeds to your overseas account

Each of these has its own deadline and documentation requirement. Missing any one of them has a direct cost, either in higher tax paid or in funds that cannot be repatriated cleanly.

How Karnani and Co. Handles NRI Capital Gains from Start to Finish

Most NRI clients come to us at the pre-sale stage, which is the right time to engage. Here is what we typically handle:

Before the sale:

• Review of purchase documents, cost of acquisition, and improvement costs to compute expected capital gains
• Application for Lower TDS Certificate under Section 197 to reduce the buyer’s TDS deduction to actual liability
• Advice on reinvestment options and deadlines if exemption is being planned

After the sale:

• Capital gains computation and ITR filing for the relevant assessment year
• TDS refund processing where excess has been deducted
• Form 15CA and 15CB certification for repatriation of proceeds to your foreign bank account

We have handled Lower TDS Certificate applications and NRI capital gains filings for clients based in the US, UK, UAE, Canada, and Australia. All work is done remotely. You do not need to be present in India at any stage. Documents are shared over WhatsApp or email, and we provide a clear checklist of what we need from you before we begin.

You can also refer to our NRI property sale compliance checklist for a full overview of the documents and steps involved, and our separate page on documents required for a Lower TDS Certificate if you are at the pre-sale stage.

Working With an NRI Tax Consultant Remotely: How It Works

We understand that most NRI clients cannot visit our office in Jaipur. The entire engagement runs remotely:

• Initial query on WhatsApp or email
• Document checklist shared within 24 hours of your first message
• Capital gains computation shared for your review before any filing is done
• ITR filed with your explicit confirmation
• 15CA/15CB certificates issued digitally
• Refund status tracked and updated to you

There is no requirement to grant Power of Attorney for tax filing and ITR purposes. For repatriation-related work, we will advise you on any specific bank requirements at that stage.

Indicative Fee

Final fee is confirmed after reviewing your documents. No surprises.

NRI capital gains transactions have more moving parts than most, and the cost of getting any one element wrong shows up either in your tax liability or in your ability to repatriate funds. Karnani and Co. has handled this end to end for NRI clients across multiple countries, and we are set up to work with you entirely remotely. Send us a message on WhatsApp with a brief description of your situation and we will come back to you the same day.

Estimate Your Capital Gains Tax Before Planning the Sale

Before taking any decisions on exemptions, TDS planning, or remittance, it is helpful to have a clear estimate of the likely capital gains tax liability. To assist NRIs in this process, we have provided an online capital gains calculator on our website. This calculator helps you estimate tax liability based on sale value, purchase details, holding period, and other relevant inputs. It gives a practical starting point to understand whether excess TDS may be deducted and whether advance planning is required.

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