Income tax
This query is : Resolved
Chaitali Yambal
(Querist)
11 June 2014
If a NRI earning Salary Income outside India & purchase residential property in India from the same income source, what will be tax Impacts??
If property will be registered by his wife's name, will deemed rental/ Rental Income will get added as deemed income in his Income??
If property will be registered by his wife's name, will deemed rental/ Rental Income will get added as deemed income in his Income??
Nikhil Kaushik
(Expert)
13 June 2014
there is no tax issue on the purchase. but the income earned or deemed to be earned out of this house shall be taxed against the husband's name under clubbing provision (section 64)
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