Indian origin us citizen rental and interest income in india

ns01 1
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Sir,

We bought and have rented property in india from Jan.2010. Monthly rent is 27,000/- and 10% tax is deducted at source. In addition we have about 10,000 in interest from banks.Can you please advise us on following: 1. Is Indian tax year from Jan. to dec. 2. Can we file joint returns 3. Is there different form non indian citizens.

Thanks, Nisha

tax-rate nri tds house-rent income-tax
1 Answers
  1. Indian tax system work on Financial year (April-March)
  2. You can file joint return as a HUF (Hindu Undivided Family)
  3. You can claim deduction on account of Repair etc @ 30% of rent received. Income tax rates slab will be same as for Indians.
Pankaj Batra5212

Thanks a lot Pankaj

ns01•
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