Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
How foreign rental gains are taxed in India
Mint Mumbai
|June 10, 2025
I have been living in Australia and bought a house in 2023 through a mortgage. I plan to return to India permanently by December 2025. After relocating, I intend to rent out the Australian property and continue servicing the mortgage using the rental income. Will this rental income be taxed in India? Can I claim a deduction for the mortgage interest?
Depending on your stay in India over the preceding years, you may qualify as a Resident but Not Ordinarily Resident (RNOR) under Indian tax laws. Individuals with RNOR status are not liable to pay tax in India on foreign income, unless it is derived from a business controlled or a profession set up in India. For you, rental income from Australian property qualifies as foreign-sourced, since it originates from an immovable asset located outside India. So, for the financial years in which you qualify as RNOR, this income will not be taxable in India. However, once your status changes to Residen
Diese Geschichte stammt aus der June 10, 2025-Ausgabe von Mint Mumbai.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON Mint Mumbai
Mint Mumbai
Sebi, RBI plan easy int'l investor entry
The Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) are in advanced discussions to ease entry processes for new overseas investors, four people aware of the matter said, at a time of weak foreign flows in the economy.
1 min
September 24, 2025
Mint Mumbai
Fortis to expand obesity clinics
Fortis Healthcare plans to open more dedicated obesity clinics across its hospitals to meet surging demand for weight-loss drugs and therapies in the world’s most populous nation, its managing director and chief executive, Ashutosh Raghuvanshi, said in an interview earlier this month.
1 min
September 24, 2025
Mint Mumbai
Why Sebi-registered advisers are dwindling despite eased norms
Shrinking number of Sebi-registered advisers means fewer options for investors seeking conflict-free advice
4 mins
September 24, 2025
Mint Mumbai
Nvidia-OpenAl: A clinch we should all be wary of
This deal is aimed at a data centre build-up but what's win-win for Al businesses need not work out well for the rest of us. Nobody should get to dominate AI. It’s much too important
2 mins
September 24, 2025
Mint Mumbai
Pepperfry buyout set to reveal cracks in online furniture retail
Pepperfry's falling revenue and abandoned IPO were proof of a rapidly changing landscape
3 mins
September 24, 2025
Mint Mumbai
Accenture eyes new Andhra campus
Tech consultancy Accenture has proposed setting up a new campus of about 10 acres in Andhra Pradesh’s port city of Visakhapatnam, aiming to eventually add about 12,000 jobs to its workforce in India, three people familiar with the matter said.
1 min
September 24, 2025
Mint Mumbai
L’Oréal has eyes for Armani’s profitable beauty biz alone
L’Oréal SA, named by Giorgio Armani as a potential investor in the late Italian fashion mogul’s eponymous business, would only be interested in its profitable beauty arm, according to a person familiar with the matter.
2 mins
September 24, 2025
Mint Mumbai
Nato pledges ‘robust’ response to Russian airspace breaches
The North Atlantic Treaty Organization (Nato) promised a “robust” response to Russian incursions into its airspace and said it would use all options, including military, to defend itself.
1 min
September 24, 2025
Mint Mumbai
Centre appoints 49 drug inspectors
Six months after a government report showed an alarming shortage of drug inspectors in the country, the Union health ministry appointed 49 to the role.
1 min
September 24, 2025
Mint Mumbai
MID-& SMALL-CAP FUNDS: WEALTH ENGINE OR RISK?
In recent years, midand small-cap funds have taken centre stage in investor conversations.
2 mins
September 24, 2025
Listen
Translate
Change font size