Question
Q

How can NRIs benefit from investing in Indian real estate?

By Pankaj
event 21-Jan-2018 share
How can NRIs benefit from investing in Indian real estate?
A
Answer

Elvin

02-May-2020 03:18

NRIs are allowed to rent out their properties in India and the rental income is taxed at the applicable income tax slab rate. Like residents, NRIs can also claim a deduction for municipal taxes paid, claim 30% standard deduction and deduction for interest paid on the home loan, if any.

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