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HOUSING LOAN

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This query is : Resolved

Quick Summary

Non-Resident Indians (NRIs) can indeed file income tax returns in India for housing loan purposes, even if their salary is earned entirely outside the country. By declaring foreign earnings as exempt income, NRIs can still access tax benefits on their home loan, including deductions for both the principal repayment under Section 80C and interest payments.

Rahul

Rahul (Querist)
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29 April 2020 can an nri file returns in india for availing housing loan, where the person is not having any income in india, he is a salaried person outside india.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 April 2020 Yes he can file ITR showing salary earned outside India as exempt income

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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29 April 2020 Yes, you can file income tax return, you can also avail tax benifit if you show taxable income from Hp both on principal under 80C and interest under HP

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