The Classic Partners LLP
Tax Advisory on Property Sale
Selling a flat, plot, or commercial property? Get end-to-end tax advisory before you sign — sale structuring, exemption planning, TDS, NRI repatriation, and post-sale filing.
Book AdvisoryWhy Take Tax Advice Before Selling Property?
Most property sellers approach a CA after the sale — when the agreement is signed, TDS is deducted, and the exemption windows have started running. By then, the biggest tax-saving decisions are already locked. Pre-sale advisory looks at the capital gain on sale, the indexation option, sale timing across financial years, co-owner splits, and the best reinvestment exemption route — often saving lakhs perfectly legally.
Property transactions are also fully visible to the department through registrar SFT reporting and AIS, so the post-sale return must reconcile exactly. Our advisory covers the transaction from term-sheet to ITR-2 filing — and any notice that may follow.
Who Should Take This Advisory?
- Owners selling residential or commercial property, plots, or ancestral property.
- NRIs selling Indian property — facing 12.5%+ TDS under Section 195, lower-deduction certificates, and repatriation rules.
- Co-owners and families splitting sale proceeds across members.
- Sellers under redevelopment, JDA (joint development agreements), or builder buy-back arrangements.
- Buyers of property above Rs. 50 lakh who must deduct and deposit TDS correctly.
What Our Advisory Covers
Pre-Sale Structuring
Timing, co-ownership split, and consideration planning before the agreement.
Tax Estimate
Exact gain computation — indexed vs flat-rate — before you commit.
Exemption Roadmap
54/54F/54EC plan with deadlines and CGAS where needed.
TDS Management
26QB compliance for buyers; Section 197 lower-TDS certificates for NRI sellers.
NRI Repatriation
Form 15CA/15CB and FEMA-compliant remittance of sale proceeds.
Post-Sale Filing
Advance tax, ITR reporting, and AIS reconciliation done right.
Why Choose The Classic Partners
- Qualified Chartered Accountants advising on property transactions across Mumbai and India.
- Before-the-deed planning — the savings are made before signing, not after.
- NRI specialisation — TDS, DTAA, and repatriation handled under one roof.
- Transparent fees and a single point of contact from agreement to assessment.
Frequently Asked Questions
When should I consult a CA for a property sale?
Ideally before signing the agreement to sell. Decisions about sale timing, consideration structure, and exemption planning must be made before the transfer date to get the maximum benefit.
How much TDS applies when an NRI sells property in India?
The buyer must deduct TDS under Section 195 on long-term gains at 12.5% plus surcharge and cess — often on the full sale value unless the NRI obtains a lower-deduction certificate under Section 197, which we arrange to limit TDS to the actual tax.
Can sale proceeds be split between co-owners to save tax?
Gains are taxed in the ratio of actual ownership and funding. Where co-ownership is genuine, each owner computes their own gain and can claim their own exemptions — which can significantly reduce the family's total tax.
How is tax handled in a redevelopment or JDA?
For individual owners under a registered JDA, capital gains are generally taxed in the year the completion certificate is issued, based on the stamp value of your share plus any cash received. The rules are technical and benefit from advance planning.
Do I need to pay advance tax on property sale gains?
Yes. Capital gains are subject to advance tax in the instalment falling after the sale date. Missing it attracts interest under Sections 234B and 234C, which advance planning easily avoids.
Planning to sell your property?
Talk to our CAs before you sign — and keep the maximum in your hands.
Contact Us