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ITR form for NRI having house property
NRI buys one house property this year above 50Lakhs . In which ITR it should be filed?
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Quick Summary
Yess if taxable income exceed basic exemption limit
To the best of my knowledge, itr need not be filed just because they are a nri and bought property more than 50 Lacs. however you need to disclose it properly in returns applicable since property value more than 50 Lacs and also if nri has taxable income he needs to file itr 2 or whatever applies to them. experts can correct me if there is any error.
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