Provision of income from house property on rnor
This query is : Resolved
MITTUL KHARBANDA
(Querist)
19 August 2015
A PERSON HAS TWO PROPERTY, ONE IN AUSTRALIA AND ANOTHER IN INDIA. HE IS RNOR UNDER INCOME ACT. AS PER INCOME ATX INCOME FROM HOUSE PROPERTY, A PERSON WHO HAS MORE THAN ONE PROPERTY HAVE TO TAKE ONE PROPERTY AS "SELF OCCUPIED" AND OTHERS AS "DEEMED TO BE LET OUT".
SO WHETHER SUCH PROVISION ARE APPLICABLE TO THE RNOR ALSO?
SO WHETHER SUCH PROVISION ARE APPLICABLE TO THE RNOR ALSO?
Amol S Joglekar
(Expert)
19 August 2015
RNOR : Resident but not ordinarily resident
Such provisions are applicable.
One of the house properties in this case is situated at Australia, the income, if any, from such property is deemed to accrue and arise out of India and hence not taxable in India.
Such provisions are applicable.
One of the house properties in this case is situated at Australia, the income, if any, from such property is deemed to accrue and arise out of India and hence not taxable in India.
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