Income from house property of nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2011 HI

RESPECTED MEMBERES

I WANT TO IF A NRI HAS PROPERTY IN INDIA AND HE IS GETTING RENT FROM IT AND HE LIVES OUTSIDE INDIA.

SO I WANT TO KNOW HOW TO TREAT OF THIS UNDER HOUSE PROPERTY OF NRI CASES .

MY QUESTION IS THAT WILL THIS NRI IS ELIGIBLE FOR BASIC EXEMPTION LIMIT OF INCOME TAX OR CHARGABLE AS HIGH RATE I F HIGH RATE THEN AT WHAT RATE?

THANKING YOU IN ADVANCE

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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16 October 2011 NRI shall be taxable at normal rates (as per slabs)and basic exemption limit shall also be available.

Anuj
+91-9810106211
femaquery@gmail.com