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NRI tax rules for selling overseas property
Mint Mumbai
|January 14, 2025
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. Will I be taxed in India for selling my Dubai villa after I settle in here? -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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