Which tax law applies to NRI landlords?

A person is a resident Indian if he satisfies any of the below-mentioned conditions:
If the person is in India for 182 days or more in the financial year or
If he/she is in India for 60 days or more in the relevant financial year and 365 days or more in the immediately preceding four years.
The number of 60 days as provided in the second condition is substituted with 182 days for persons of Indian Origin or Indian Citizens who visit India in that year or leave India in the relevant financial year as a crew member or for employment outside India. As per budget 2021, this condition of 182 days has been changed to 120 days, i.e., 60 days will be substituted by 120 days.

Leave a Reply

Your email address will not be published.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