Q.765 NRI Taxation in India on self occupied property . . .

Question: Good day. I have been working in Libya for past more than 30 years and built a house in Urban Estate Karnal Haryana. My family has moved to India and has been residing in this house whereas I am still working in Libya. I would like to ask you whether I am liable to be taxed on this self-occupied property ? An early reply will be much appreciated. With regards. Nathaniel Luke. Answer: Generally a house in India whether self occupied, left vacant or rented would be subject to taxes applicable to home owners such as property tax, society charges etc. As a non-resident, any taxes derived from sources in India would be liable to tax. If your family is living in the house you built, has no source of income in India other than money you send from your work abroad. They are not liable to pay tax on funds they receive from abroad.
Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Disclaimer: Information provided is for general knowledge only and should not be deemed to be professional advice. For professional advice kindly consult a professional accountant, immigration advisor or the Indian consulate. Rules and regulations do change from time to time. Please note that in case of any variation between what has been stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail. © Copyright 2006 Nriinformation.com
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Q.765 NRI Taxation in India on

self occupied property . . .

Question: Good day. I have been working in Libya for past more than 30 years and built a house in Urban Estate Karnal Haryana. My family has moved to India and has been residing in this house whereas I am still working in Libya. I would like to ask you whether I am liable to be taxed on this self-occupied property ? An early reply will be much appreciated. With regards. Nathaniel Luke. Answer: Generally a house in India whether self occupied, left vacant or rented would be subject to taxes applicable to home owners such as property tax, society charges etc. As a non- resident, any taxes derived from sources in India would be liable to tax. If your family is living in the house you built, has no source of income in India other than money you send from your work abroad. They are not liable to pay tax on funds they receive from abroad.
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