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Please Help: RENTAL INCOME FOR NRI

Posted Date : 10-Dec-2014 , 03:03:01 pm | Posted By: Amit

Category : Income Tax | Answers : 0| Comments : 1| Hits: 212

Dear Colleagues, I have a client who is NRI since last 10-15 years, presently he has 2 properties 1 property was inhereted from his father and second property was purchased by him through his NRE account properties are in Delhi , he has given on rent and the rental income is being credited to his NRO account without TDS deduction from the tenant , annual rent for both is Rs 600,000 now what is the tax implication for this NRI also how we can avoid the tax payable if any .He has never filed his income tax return all these years... Please help me since I am also an NRI CA working here in Dubai for last 12 years and I am totally out of touch with Indian taxation thanks and regards Amit Dhiman

Comments
Posted By : CA.Satendar Kumar 11-Dec-2014, 02:22:55
Since both the immovable properties are located in India (Delhi in this case), hence rental income is liable to Income Tax irrespective of his residential status. If no TDS has been deducted on rent by tenant, still the owner (NRI in this case) is liable to pay income tax on his taxable rental income and is supposed to file his Income Tax Return. As on date, ITR for the AY:2013-14 and 2014-15 can be filed.
 

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