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How can NRI avail tax benefits?- Property hotline
Posted
September 2, 2016
Views
1,419
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5
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September 2, 2016
1,419
5
0.35%
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3:17Now PlayingExpert: Kartik Jhaveri, Founder & Director at Transcend Consulting India Pvt Ltd.
Question: Can NRIs who have availed housing loans in Hyderabad avail any I-T benefit? How can they get tax benefits?
Answer: If the salary earned abroad is the only source of income, a NRI does not have an opportunity to claim tax exemption on home loan repayment, since he is not taxable in India. But, in case if a NRI earns an additional taxable income from India apart from the salary earned abroad, then he is eligible to claim tax exemption for the home loan repayment.
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