RENTAL INCOME FROM ABROAD

Pankaj Arora (Learner) (3134 Points)

06 January 2020  
HI MR X AN INDIVIDUAL HAD PURCHASED HOUSE PROPERTY IN LONDON BY SELF FUNDING AND LOAN FROM BANK IN LONDON,

HE HAS LET OUT THAT PROPERTY AND EARNING RENTAL INCOME AS WELL AS PAYING INTEREST ON LOAN AVAILED IN LONDON.

MY QUERY IS RENTAL INCOMW WILL BE TAXABLE IN INDIA NET OF INTEREST EXPENSE OR HOW?