Re : taxation of nri
This query is : Resolved
chitrasen parida
(Querist)
11 December 2012
Dear Sir,
If a NRI has income of Rs. 240000/- on account of income from house proerty in india. how it will be taxed in india & which ITR will be applicable.
If a NRI has income of Rs. 240000/- on account of income from house proerty in india. how it will be taxed in india & which ITR will be applicable.
Amol S Joglekar
(Expert)
12 December 2012
for individual use ITR 1. For the financial year 2012-13, you need to compute the NET rent. If it exceeds the basic exemption limit of INR 200,000, then income tax is required to be paid.
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