What major formalities are required to repatriate rental income an NRI receives from his house/flat in India?
Such amounts are normally credited to the NRO account of the Non resident Indian. He should submit an undertaking and certificate from a Chartered Accountant stating that the income tax thereon has been paid / provided for /deducted. If the Non Resident does not have taxable income in India, he may submit a simple declaration that he/she is not a tax payer in India.
Related Questions
- What are the formalities for repatriation of income earned in India (such as pension, rent received from home / flat in India)?
- What major formalities are required to repatriate rental income an NRI receives from his house/flat in India?
- Dad also has rental income from this rental house. What is the impact of that on the income analysis?
