tax

Are NRIs allowed to take loans from their siblings in India?

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Are NRIs allowed to take loans from their siblings in India?

I am a non-resident Indian (NRI) living in Germany. I have recently sold an immovable property in India and reinvested the sale proceeds (post tax deducted at source) in another residential property as per instructions of my tax consultant to save tax in India. Though the capital gains will not be taxed in India, I … Read more

Tax implications for joint property owners

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Tax implications for joint property owners

My wife and I are joint holders of two properties (one being self-occupied and the other let out for rent). Can the entire rental income from our jointly owned properties be declared as my income for tax filing purposes, or is it obligatory to split it between us? Considering my wife’s sole income source is … Read more