Renting Properties - NRI
Following are the guidelines published by RBI regarding income from rental properties
- The rent received can be credited to NRO / NRE account or remitted abroad.
- Powers can be delegated to the authorized dealers to allow repatriation of current income like rent, dividend, pension, interest etc. of NRI's who do not maintain an NRO account in India based on appropriate certification by a chartered accountant, certifying that the amount proposed to be remitted is eligible for remittance and that applicable taxes have been paid / provided for.