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Nigeria

Selling your Indian property while living in Nigeria, with no DTAA

I'm in Lagos, selling my Mumbai flat, and the buyer says he must cut 12.5% TDS on the whole price. Is there a Nigeria treaty rate, and can I stop that?

You live in Nigeria, usually Lagos or Abuja, and you're selling an Indian flat, often ancestral, in Mumbai, Surat or your home town. The buyer has told you he's legally bound to deduct 12.5 percent TDS on the entire sale price, and you're hunting for an India-Nigeria treaty rate to bring that down. There isn't one. But there is a single India-side lever that cuts the deduction from the full price to tax on just your gain, and the relief for the sale being taxed again in Nigeria is handled a different way.
Last reviewed: 6 August 20267 min readReviewed by Preetesh Maloo, CA

The short answer

No, there is no India-Nigeria treaty, so there is no treaty rate and no Form 10F or TRC route to lower the TDS on your property sale. By default the buyer must deduct under Section 195 (Section 393(2) from FY 2026-27) at 12.5 percent on the full sale value, not the gain, for a long-term sale on or after 23 July 2024 with no indexation, plus surcharge and cess, so the effective bite is roughly 13 to 15 percent of the whole price. The one lever that fixes this is a Form 13 lower-TDS certificate (Form 128 from FY 2026-27) under Section 197 (Section 395 from FY 2026-27). Applied for before the sale, it tells the buyer to deduct on your actual capital gain, and you can build in Section 54 or 54EC reinvestment so the certificate figure drops further. Because there's no treaty, relief for the gain being taxed again in Nigeria sits on the Nigerian side under Nigeria's own rules, not on India's Section 91.

References on this page

  • Section 195 (Section 393(2) from FY 2026-27): buyer's TDS on a payment to a non-resident, 12.5% on a long-term property gain, deducted on the full sale value by default
  • Section 194-IA's 1% TDS applies only to a resident seller; an NRI sale is deducted under Section 195, and the buyer needs a TAN to do it
  • Long-term property gain, 12.5% without indexation for a sale on or after 23 July 2024 (Finance (No. 2) Act 2024); 20% with indexation before that date
  • Section 197 (Section 395 from FY 2026-27), Form 13 (Form 128 from FY 2026-27): lower-TDS certificate so the buyer deducts on the gain, not the whole price
  • Section 54: LTCG exemption where the gain is reinvested in one Indian residential house, available to an NRI
  • Section 54EC: LTCG exemption up to ₹50 lakh reinvested within 6 months in REC, PFC or IRFC bonds, 5-year lock-in, available to an NRI
  • Section 244A: interest on a refund of excess TDS recovered by filing the Indian return
  • Section 119(2)(b) with CBDT Circular 11/2024: 5-year window to file a past-year return and claim a refund
  • No India-Nigeria DTAA, so no treaty rate on the gain; relief for Nigerian tax is claimed on the Nigeria side under the Nigeria Tax Act 2025

Is there a DTAA between India and Nigeria for a property sale?

No. India has tax treaties with more than 90 countries, but Nigeria is not one of them, so there is no capital-gains article to cap or carve out the tax on your sale, and no Form 10F (Form 41 from FY 2026-27) or Tax Residency Certificate route, because those exist only where a treaty exists. If a website quotes you a 7.5 or 10 percent India-Nigeria rate on your property gain, it has confused Nigeria with a treaty country.

So the gain is taxed purely under Indian domestic law, at the ordinary non-resident rate, and the buyer withholds it at source. Losing the treaty doesn't mean you're stuck with the default deduction. It means your one saving lever is domestic: a lower-TDS certificate, not a treaty claim.

By default the buyer deducts 12.5% on your full sale value

For a long-term sale, one held more than 24 months, the buyer must deduct under Section 195 (Section 393(2) from FY 2026-27) at 12.5 percent on the entire sale value, not on your profit, with no threshold below which it's skipped.

On a long-term NRI property saleDeduction
Base TDS rate12.5% of full sale value
Plus surcharge (capped at 15% for LTCG) and 4% cessEffective 13% to 15%
Computed onThe whole price, not the gain

The 12.5 percent no-indexation rate applies to a sale on or after 23 July 2024. Before that it was 20 percent with indexation. If you've held the flat under 24 months it's a short-term sale, taxed at your slab rate, and the deduction is higher still. On a ₹1.5 crore flat that default withholding locks up more than ₹20 lakh on registration day, most of it money you'd never actually owe.

Form 13 is the single lever that cuts it, and you apply before you sell

One certificate does the work a treaty would have done. Before the sale, apply for a Form 13 lower-TDS certificate (Form 128 from FY 2026-27) under Section 197 (Section 395 from FY 2026-27). You submit the projected capital gain, the cost proof and any reinvestment you're claiming, and the Assessing Officer issues a certificate telling the buyer to deduct on your actual gain instead of the full price.

The gain itself can be cut too. Reinvesting under Section 54 or 54EC, and building that into the same application, drops the certificate figure further, sometimes to near nil. Where a flat has co-owners, each owner applies for their own certificate. The catch is timing: the certificate only works if it's in the buyer's hands before he pays, so start it weeks ahead of registration.

Where the double-tax relief sits: on the Nigeria side, not India's Section 91

Nigeria taxes its residents on worldwide income, so once you've paid Indian tax on the gain, Nigeria can tax the same gain again. The relief for that is claimed on the Nigerian side, under Nigeria's own foreign-tax-relief rules, not on your Indian return. From 1 January 2026 the Nigeria Tax Act 2025 folds an individual's capital gains into personal income tax, taxed at rates up to 25 percent, where it used to be a flat 10 percent. Your Nigerian advisor sets the Indian tax you paid against that Nigerian bill; we hand over the India-tax-paid figures they need.

Section 91, India's unilateral relief that many Nigeria guides cite, runs the opposite way. It helps a person resident in India who paid tax abroad, not an NRI's Indian-source gain. It becomes your lever only if you move back to India and still draw Nigerian income. On the Indian side your job is simply to keep the Indian tax as low as it can go, which is exactly what the Form 13 route does. If you also hold Indian FDs or shares, the refund route on that interest and dividend TDS works the same domestic way.

A worked example: Priya in Lagos sells her Mumbai flat

Priya, 44, has lived in Lagos for nine years and is a Nigerian tax resident. She's selling a Mumbai flat for ₹1.5 crore, with a long-term capital gain of about ₹50 lakh after cost.

With no certificate, the buyer must deduct 12.5 percent on the full ₹1.5 crore, about ₹18.75 lakh, and with surcharge and cess the withholding is close to ₹22 lakh. Priya's real tax is on the ₹50 lakh gain, not the whole price, so most of that ₹22 lakh is money she'd have to chase back through a refund that takes months.

Instead she files Form 13 first. The certificate is computed on the ₹50 lakh gain: 12.5 percent is about ₹6.25 lakh, roughly ₹7 lakh with surcharge and cess, so the buyer deducts around ₹7 lakh rather than ₹22 lakh, a cash unlock of about ₹15 lakh on registration day. If she reinvests the ₹50 lakh gain in another Indian house under Section 54, the certificate figure can fall to near nil. Nigeria then gives her relief for whatever Indian tax she finally pays, so the flat isn't taxed twice over.

Want a senior CA to handle this for you — start to finish?

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What's involved

What the CA actually does

  1. 1

    Confirm there's no treaty shortcut on the sale

    We give you the position straight. With no India-Nigeria treaty there's no treaty rate and no Form 10F, so we don't send you chasing a certificate that does nothing and we go to the one that works.

  2. 2

    File Form 13 before the sale, with your exemptions built in

    We file the Form 13 lower-TDS certificate (Form 128 from FY 2026-27) on your actual gain, folding in any Section 54 or 54EC reinvestment, so the buyer deducts a fraction of the default and lakhs aren't locked up.

  3. 3

    Handle the sale-year return and recover any excess

    We file your Indian return for the sale year, claim your exemptions, and recover any TDS over-deducted as a refund with interest under Section 244A. For a sale in an earlier year we use the Section 119(2)(b) 5-year window.

  4. 4

    Repatriate the proceeds and brief your Nigerian advisor

    We file Form 15CA and 15CB so the sale money can move from your NRO account to Nigeria, and we hand your Nigerian advisor the India-tax-paid detail they need to give you relief on the Nigerian side.

What to have ready

Documents you'll typically need

  • The sale agreement or draft sale deed and the agreed price
  • Purchase deed and cost proof, plus any improvement bills
  • Reinvestment plan if you're claiming Section 54 or 54EC
  • PAN, passport and your Nigeria residency status

Frequently asked questions

Common questions

Selling an Indian flat from Nigeria and facing 12.5% on the whole price?

Tell us the flat, the price and your cost. A practising CA will file Form 13 before your sale so the buyer deducts on your gain, not the full value, and hand your Nigerian advisor clean figures. Free call, no obligation.

No card, no obligation. All certification and filing work is handled by ICAI-registered practising Chartered Accountants.