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Nishithini Bakshi

Should NRI file returns for property purchased in India?

1 Answer
K
Krunal Banerjee

NRIs must file an income tax return in India if they bought property there and their income exceeds the basic exemption amount. The Income Tax Act allows them to deduct costs associated with the property, such as interest on a mortgage, through a deduction. To ensure compliance, it is advised to seek advice from a tax expert.

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