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NRI tax rules for selling overseas property

Mint New Delhi

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January 14, 2025

Will I be taxed in India for selling my Dubai villa after I settle in here?

- Harshal Bhuta

I am living in Dubai for 15 years. I visit India during the festivals but not longer than a month. However, I want to spend my retired life in India and plan to be back in mid-2025. After two to three months of settling down, I will sell my Dubai villa and invest in properties in India instead.

-Name withheld on request

Your tax liability in India will depend on your residential status for 2025-26, which is determined based on your duration of stay in India. Since you plan to return to India in mid-2025 and presumably will spend more than 182 days in 2024-25, you will qualify as a resident of India for 2025-26.

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