Can NRIs earn rental income from renting properties in India?

An NRI is legally allowed to rent out the property he owns in India. The rent income can be received in two ways:

1. The rental income can be deposited to the NRE or NRO account with an Indian bank. Rent proceeds received in these accounts can be freely repatriated.
2. If one does not have an NRE or NRO account, the proceeds can also be directly remitted abroad but one would need an appropriate certificate from a chartered accountant certifying that all taxes on the rental income have been duly paid.

Posted in NRI

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

  1. We will get in touch with you within 24 hours.
RECENT POSTS
TESTIMONIALS

You guys are doing a great job here! I love how simple forms you have! Quick and efiicient. Got my agreement on time! Thanks! — Mohan Pillai, Chennai

Thank you for the quick delivery! This was waaaay faster than the agent I hired earlier! I love the 21st century! — Prabhat Gupta, Bangalore

What an awesome service! This really helps! — Naina Gurung, Toronto, Canada