An NRI recently sold his apartment in Pune for ₹2 crore. He thought the process was straightforward:
sign the deed, receive payment, and complete the transaction.
A few months later, he received a tax notice demanding ₹46 lakh.
He hadn't evaded taxes or concealed funds. The issue? The buyer had filed the incorrect form—a single clerical error that triggered a prolonged legal dispute.
This mirrors the documented case of Parag Keshav Bopardikar, whose tax dispute reached the Delhi High Court in May 2025. The years 2024 and 2025 have introduced significant regulatory changes for NRIs selling property in India: revised capital gains tax structures, removal of indexation benefits, and stricter TDS compliance requirements under Section 195. These changes have created confusion and, in some cases, substantial financial penalties for procedural oversights.
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