Rental income in India is taxable in India regardless of NRI statusSonu Iyer
4. Income Generation: Depending on your investment choice, lump sum investments can generate substantial income in the form of dividends, interest, or rental income. 5. Potential for Higher Returns: Historically, lump sum investments have the potential to generate higher returns compared to s...
For income received or deemed to be received or accrues or arises in India during the previous year, both ROR and NOR/ NRI are fully taxable. For income which accrues or arises outside India and received outside India in the previous year from any other source, for ROR is fully taxable...
Whole income of a non-resident is not taxable in India but all income of a resident and ordinary resident is taxable, even though he has earned income or received income from foreign sources in relevant previous year. The presence of an individual isimportant for taxation purpose not his purpo...
Ans. No, a Fixed Deposit is a non-transferrable investment. You cannot switch banks once you have opened an account in a specific bank. 12. What happens when a fixed deposit holder dies before maturity? Ans. If the first account holder passes away, the second holder receives the Fixed Dep...
01 Jan 1970Posted By: E-StartupIndia GST on Rent | Impact of GST on Rental Income from Immovable Property Impact on Rental Income from Immovable Property in GST Regime 'Generating rental income from the renting of immovable property' has been included in schedule II which outlines it as the...