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Tax Saving Tricks for NRI

Property Management

In which property NRIs can

invest?

Movable

p r o p e r t y,

l i ke

house,

shop,

farmhouse

and

bungalow and apartment.

Agricultural

land,

plantation property are disallowed to own.

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How many properties NRIs can

purchase?
Unlimited

number of commercial

and residential property.

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Impact on taxation for owing

multiple properties by NRIs

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What Indian Income Tax Act

states?
Although an NRI can own multiple properties

y e t o n l y o n e c a n b e c l a i m e d s e l f- o c c u p i e d .
Other

properties

ownership

cant

be

c l a i m e d b u t c a n b e u s e d f o r s e l f.
If

the

property

is

rented

income will be taxable.

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out,

its

rental

What if an NRI inherits property although

he already owned a property?
Inherited property is considered as a

source of renta l incom e.

It s not essent ial t ha t you rent it out

but itll be considered so.

Incom e tax a ct is a pplica ble.
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Tax Savings
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Tricks to save Tax on rental income

1/3 of the total rental amount can be cut out as

maintenance.
Maintenance charge can be 30% of the rent.
If

paid

property

tax,

you

can

ask

for

tax

deduction.
Interest paid on property loan can be deductible

on tax.

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Tax Saving tricks on second

property

Claim can be made in full for EMI of 2nd

homes loan.

Fu l l d e d u c t i o n o n t a x c a n b e c l a i m e d f o r
p ay i n g i n t e r e s t o n 2 n d h o m e s l o a n ( I N R
1.5 lakh can be called for tax deduction
t o p ay i n t e r e s t o n 1 s t h o m e s l o a n ) .
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THANK YOU
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