NRI: Income from house rent
I won a property in Bangalore and I have home loan for i which will be over by November 2019. I have been away since May 2016 and I have been receiving rent from this property. The next income (rent, loan etc) for each of the year from 2016 has been less than Rs. 2,50,000.
Unfortunately I have been filing ITR1.
1. Am I supposed to file ITR2? What are the implications as I have files ITR1? Do I need to correct this considering my income in India has been less than 2,50,000?
2. My tenant also has not deducted TDS all this while nor has submitted Form 15CA. Does she need to submit form 15CA for previous years now? Does she have to do it on monthly basis? What is the detailed process for tenant here?
Please let me know.
Asked 7 months ago in Income Tax from Bangalore, Karnataka
Some corrections (marked in **) -
I *own* a property in Bangalore and I have home loan for *it* which will be over by November 2019. I have been away(*out of India*) since May 2016 *till date* and I have been receiving rent from this property.
Asked 7 months ago
I am getting contradicting information about submitting 15CA by tenant. Some say it's irrespective of nature of owner's account, some say it's not needed if it's below 50K and remitted in indian account. My total income in India will be more than Rs. 2,50,000 and less than Rs. 5,00,000 in next FY and onwards.
Asked 6 months ago