Are you an NRI renting out property in India? Here is who can help to manage it; how to pay tax and remit money abroad
New Delhi, Oct. 10 -- Non-resident Indians (NRIs) can legally own and rent out property in India, whether it is a family home they inherited, an investment flat they have purchased or a house they chose to keep after moving abroad.
Renting out such property can provide a steady income while also ensuring that it remains occupied and maintained.
However, managing a rental property from abroad can be challenging, particularly when it comes to handling tenants and repairs, collecting rent, completing documentation and complying with tax rules.
Here is what NRI property owners need to know about managing rent, getting professional assistance and repatriating rental income.
An NRI can let out their property in India by using online rent ag...
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