Browsing: Taxation

Taxation on rental income in India for NRIs can be a complex subject—but understanding it is crucial for compliance and maximizing returns. Whether you’re living in the US, UK, Canada, or elsewhere, earning rental income from Indian property comes with its own set of responsibilities under Indian tax laws. This blog breaks down the rules, deductions, penalties, and ways to reduce your tax burden effectively. How Rental Income is Taxed for NRIs For Non-Resident Indians (NRIs), the Indian Income Tax Act mandates that rental income from property located in India is taxable. The amount is subject to Tax Deducted at…