Jump to content

Tax implications for rental income as NRI


Recommended Posts

Posted

if ur US resident, you have to pay both india taxes and US taxes. But US lets you deduct the taxes you already paid in india.

so if Indian tax is 1L, and ur US federal tax bracket puts the rental income at 1.5L, then you pay 1L to Indian govt first and then pay 50k to US govt claiming that u already paid 1L to India due to a tax treaty.

 

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...