Free Tool · Estimates Only
NRI Capital Gains
Tax Calculator
Selling property in India while living in the US or Canada? Calculate your LTCG/STCG tax with CII indexation, Finance Act 2024 new regime comparison, Section 54 exemption, TDS, and DTAA relief.
⚡ Finance Act 2024 Changed NRI LTCG Rules
From July 23, 2024: LTCG on property drops from 20.8% (with CII indexation) to 12.5% (without indexation). For recently-purchased properties, the new rate is almost always better. This calculator shows both — use the toggle to compare.
Estimates only — not financial or legal advice. Tax rules change frequently (Finance Act 2024 changed NRI LTCG rates). Actual tax depends on individual deductions, treaty elections, and state/provincial taxes. Always consult a qualified NRI tax specialist before selling.
Property Sale Details
Tax Calculation
🇮🇳 India Tax (ITD)
File ITR-2 in India to claim the TDS refund → due July 31
🇺🇸 US Reporting (IRS)
State/provincial taxes not included. Exchange rates approximate. For US Form 1040 Schedule D reporting, gain is computed in USD using FMV on transaction dates — consult a specialist.
Finance Act 2024 — LTCG Rule Change
The Union Budget 2024 changed NRI LTCG rates for property sold after July 23, 2024: the rate drops from 20.8% (with CII indexation) to 12.5% (without indexation). For older properties held a long time, the old regime (20.8% with indexation) may sometimes still be beneficial. Check both using the toggle above.
What is CII Indexation?
The Cost Inflation Index (CII) adjusts your purchase price for inflation. A property bought at ₹50L in FY2010-11 has an indexed cost of roughly ₹91L in FY2024-25, reducing your taxable gain — but only if you elect the old 20.8% regime.
Section 54 — The Big Exemption
If you reinvest LTCG proceeds in another residential property in India within 2 years (purchase) or 3 years (construction), the entire LTCG is exempt. NRIs can also use a Capital Gains Account Scheme (CGAS) to park funds.
TDS by the Buyer
When an NRI sells property in India, the buyer is legally required to deduct TDS — 20.8% for LTCG, 31.2% for STCG — and remit to the ITD before releasing funds. If actual tax is lower, you claim the excess back via ITR-2.
US: Schedule D Reporting
US residents must report the India property gain on IRS Form 1040 Schedule D in USD (using the FMV on transaction dates). Indian taxes paid are claimed as a foreign tax credit on Form 1116 — typically eliminating double taxation.
Need an NRI Tax Specialist?
Optimize your regime choice, file India ITR, claim TDS refund, and handle Schedule D. Our directory lists verified NRI CPAs and cross-border tax experts.