Rental income (Resident)
Taxed under 'Income from House Property'. Municipal taxes are deductible, plus a flat 30% standard deduction, plus interest on home loan under Section 24(b) up to ₹2 lakh for self-occupied and unlimited for let-out.
Rental income (NRI)
Rent received in India is taxable in India. Tenant / OTA platform must deduct TDS at 30% + surcharge under Section 195. Net rental is repatriable via NRE account subject to CA-certified 15CA/15CB.
Sale gains
Long-term capital gains (holding > 24 months) taxed at 20% with indexation. Section 54 exemption available if reinvested in another residential property. NRIs additionally face TDS 20% on LTCG at sale — lower TDS certificate under Section 197 avoids blocked working capital.
This is a general primer — always run your specific transaction past a chartered accountant.
