Retal income nri

Querist : Anonymous (Querist) 29 November 2011 This query is : Resolved
sir,
i am NRI, and own flat in pune which is rented.
my wife is indian resident and stay in india.
is rental income is taxable for me.
yearly rent i will receive is @ 1,50,000INR.
please guide.
If it is taxable then can i show that income is wife's income??
she is co-applicant in home loan and a housewife.

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A V Vishal (Expert) 29 November 2011
You have not mentioned in your query whether you derive any other income from Indian sources, in case your reply is negative then it is optional for you to file your tax returns since the gross income doesnot cross the threshold limit of Rs.1.80 lakhs/(as prescribed by Finance Act 2011 relevant to the FY 2011-12).

Sailesh Kumar Shah (Expert) 30 November 2011
I completely agree with views of Mr. A V Vishal.

Rajeev Kumar (Expert) 30 November 2011
I too agree

M/s. Y-not legal services (Expert) 01 December 2011
taxes for your total income only., not for your separate sources of income.,

prabhakar singh (Expert) 02 December 2011
Mr. A V Vishal has provided you the right answer.

Devajyoti Barman (Expert) 03 December 2011
Yes I agree.

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