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From 01 April to March 31 of the following year, for example for the year (which is also called the Assessment Year) the period is to In case of salaried class assessee the information about the income in the particular financial year supported with the.Rental payments to an NRI.Section IV: Deductions not allowed to NRI's Some Investments under Section 80C: Investment in PPFs.Whether the rent is received in NRIs Indian or foreign account, it is subjected to cut TDS.Rental income from property.Any business or profession set up controlled or set up in India falls under tax category and NRI's earning income through that are taxable in India.As per the provisions of Income Tax Act, 1961, filing of Income Tax return is a legal obligation of every Individual whose income exceeds the maximum limit of non-taxable income for the full financial year.e.The income tax calculation rule will be followed as same as a residents.

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