r2i forum

You can contact the income tax india regarding this issue.

If your company give a receipt for that then you need to pay a tax.

[QUOTE=MumBhai2k;16230]Can someone tell me how to calculate income tax from the rental income earned fron letting out a residential property? Consider an example that you are a green card holder living in USA, earning Rs 6,00,000 per annum from rent. My understanding on tax calculation FOR YEAR 2007 ...

It's great to file both country taxes

You can calculate your tax [url]http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx[/url] in this site

This site [URL]http://incometaxindiaefiling.gov.in/portal/index.jsp[/URL] is for efiling of income tax return in online.

Wealth tax is applicable to the following:


[LIST]
[*]An individual person
[*]A group of people who own a property
[*]A company or organization
[*]A Hindu undivided family (HUF)
[*]Person belongs to 1-by -6 categories
[*]Non corporative tax payer
[/LIST]