Year-End NRI Tax Planning 2024: Section 54, DTAA & Repatriation Before March
Closing the calendar year with a clean tax position — Section 54/54F windows, DTAA credit timing, and FEMA repatriation moves NRIs must execute before the FY25 year-end.
Key findings
- 12.5% flat LTCG applies to all sales after 23 July 2024
- Section 54 window is 2 years for purchase, 3 years for construction
- CGAS parking deadline is the ITR filing date (31 July 2025)
- FEMA USD 1 mn repatriation limit resets every calendar year
- Form 13 lower-TDS certificate cuts deduction from 12.5% to actual liability
Full guide to year-end NRI real estate tax planning for FY24-25.
EstateVeda Verdict
Treat December as the cut-off, not March. Lock Section 54 reinvestment, file Form 13, and reconcile DTAA credits before the FY25 books close — the 90-day discipline is worth 8-14% of net tax outflow.