Friends
My client has property at Thailand. he is resident in India. is Rent recd from thailand property taxable under House property and can he claim 30 % deduction u/s 24 (a)
Thanks
Shivish Verma (C A) (376 Points)
31 July 2012Friends
My client has property at Thailand. he is resident in India. is Rent recd from thailand property taxable under House property and can he claim 30 % deduction u/s 24 (a)
Thanks
syed kalimuddin
(article assistent)
(75 Points)
Replied 31 July 2012
since the assessee is a resident therefore income arised and received outside India is taxable in India. As it is taxable in India he can claim deduction u/s 24(a)
sivarajan
(articled clerk)
(27 Points)
Replied 31 July 2012
Since ur client is resident in india, he is liable to tax on all the income whatever he recd whether it is from abrod or india. (Note: I assumed ur client is a ordinary resident)
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