Mind it: Indian Tax Authorities are after your notional rental income from property situated in India and in abroad (foreign territories)
06th April 2021Many resident individuals are now being questioned by
Indian Tax Authorities about income whether actual or deemed from properties
abroad. It therefore becomes important for those owning property situated
outside India to understand about their tax liability in India in respect of
income from such property situated outside India, whether actual or deemed
income.A person resident in India is liable to pay tax in India on his
global income. For computing income from house property, the Indian income tax
law does not make any distinction between house properties situated in India and
those situated outside India.
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