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Is NRI’s rental income taxable?- Property Hotline
Posted
August 4, 2016
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August 4, 2016
1,035
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2:10Now PlayingExpert: Shipra Padhi, Member of International Tax Practice at Nishith Desai Associates.
Question: Is rental income derived from renting property taxable? Should a person declare his/her income accrued from rents? Does the same apply to NRIs who earn rental income in India?
Answer: Yes rental income you earn will be subject to tax under the heads of income from house property. Rental income must be declared in I-T returns. Computation of tax is provided under I-T Act. Rental income earned by NRIs in India is taxable.
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