Income Tax

FEMA/RBI Regulations

Rental Income

Having immovable property is a big love for every human being. NRIs and PIOs are not an exception to that. In India, NRIs and PIOs have been given special privilege under FEMA to acquire or hold immovable property in India. Immovable property is source of income generation by way of Rental. The same attract taxation provision as well. Salient features wrt rental income of immovable property are as under:

Salient Features wrt Rental Income of Immovable Property: