"NRIs: What Income is Taxable in India?"

The article outlines the taxability of various income types for Non-Resident Indians (NRIs) in India, including salary, property, capital gains, deposits, business, and other sources, based on their origin within India. It also highlights deductions like Section 24 for house property income.


Taxable Income for NRIs in India

The following table provides an overview of the types of income that are taxable for Non-Resident Indians (NRIs) in India:

Source of Income Taxability
Income from Salary Taxable if the services are rendered in India.
Income from House Property Taxable if the property is situated in India. Deduction under Section 24 is allowed.
Income from Capital Gains Taxable if the capital asset is situated in India. Applicable to both short-term and long-term gains.
Income from Fixed Deposits and Savings Accounts Interest earned on fixed deposits and savings accounts held in India is taxable.
Income from Business or Profession Taxable if the business or profession is set up in India.
Income from Other Sources Taxable if it arises in India (e.g., dividends, royalty, or lottery winnings).


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