House property rent income

Pratosh (Project Manager) (85 Points)

01 July 2016  

Hi All , 

I have few questions wrt HOuse Property Income by virtue of rent. 

NOTE I am asking you wrt to NRI 

1. A House Property Owned by NRI is on rent and rent is being deposited by tenant to NRO account.

Is this rental income added to total income to compute standard deduction ? 

2. Any maintenance of House propoerty can be available for deduction? I know interest on loan is deductible and so is tax paid to Municipality. 

3. in EI section of efiling what income be stated ? only generating inside india in NRE account( which is exempt income) or an NRE can declare his salaried income is generated and being paid overseas in EI section ? 

4. How important is to delare house property an plot of land? ( Non agriculture ) 

5. If an NRI has never filed any return and have purchased property only thru NRI income what impact it may create if it is declared now ? Only buyer agreement and NRE / NRO account thru which payments were made may be available but records may be more than 10 yrs old can noot be retrieved. 

Please advise. 

Thanks