Rental income in case of nri
This query is : Resolved
Dinesh Kumar
(Querist)
06 June 2016
Dear Expert,
Can NRI earn income by letting out, said income was to be brought to tax as business income??
Can NRI earn income by letting out, said income was to be brought to tax as business income??
K Srinivas, CMA CS
(Expert)
06 June 2016
If the house has been let out as a business, only then it can be shown under business or profession. Usually the rental income is shown under income from house property
Rupesh Jain
(Expert)
08 June 2016
its under the income from house property. and get all deduction as resident will get.
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