Rental income - overseas
This query is : Resolved
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
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
02 August 2012
Yes, the 30% deduction is applicable.
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
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
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- SFT Cash Deposit in Current Account
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
