Real Estate Tax for NRIs

POSTED BY rahul dixit ON September 26, 2010 8:36 am COMMENTS (2)

Hi,

I am a NRI and  a flat in Hyderabad for which I am getting Rs. 3000/month rent. Do I have topay income tax or any other tax on the rental income?

Thanks

2 replies on this article “Real Estate Tax for NRIs”

  1. Manish Chauhan says:
    September 26, 2010 at 12:51 pm

    Rahul

    what you have to see is your total income, if your total income overall including this 3000 per month comes under tax slab , then yes you have to pay tax , if this 3000 is your only income in a year , then as Gaurav pointed out . NO

    Manish

    Reply
  2. Gaurav says:
    September 26, 2010 at 11:35 am

    If it is 3000/month you are well below the taxable limit. If higher you are required to pay taxes.

    Reply

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