banner_ad

Rental income - overseas

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 August 2012 My client is now resident Indian. Has Rental Income in USA.

Whether the standard deduction of Rental Income is applicable in this case also

or

The expenses are to be deducted for the computation of rental income to be mentioned in ITR
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
02 August 2012 Yes, the 30% deduction is applicable.
Profile Image

CS, Deepak Pratap Singh

Profile Image

CS, Deepak Pratap Singh (Expert)
02 August 2012 Dear Friend, All income of resident will be taxed in India. Now in your case total deduction will be available 30% plus taxes he has paid to local authority as applicable. Thanks
Profile Image

Rakesh Sharma

Profile Image

Rakesh Sharma (Querist)
02 August 2012 Thanks Mr. Joglekar and Mr Deepak Pratap Singh
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details