How To Find Zero Tax certificate for NRI in Chennai

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How To Find a Zero Tax Certificate for NRI in Chennai? A zero-tax certificate for NRIs can help you pay less tax on the income you earn from investing in real estate. In the budget 2020, the government introduced a new option for NRIs to claim lower tax on certain investments. So, the only way to get zero tax on investment in India is to file your income tax returns in the city where you live.

 

First, it is important to estimate your total income and tax liability. Make an estimate of your expected TDS. Secondly, you must apply for a lower tax rate on your income. The lower tax rate will be applicable for your income, and it is binding on the payer of the income. The lower tax rate you are eligible for will be determined by the amount of income you will receive. Once you have estimated your taxable income, you can file for a TEC.

 

To get a zero-tax certificate for NRI in Chennai, you must first buy a house property in the city. Then, you must invest the full amount. Otherwise, you will have to pay tax on part of the sale proceeds, and the rest will be left to the bank. To get a zero-tax certificate for NRI, you must not buy another residential property within two years of purchasing your current house. Likewise, you must not construct a new house within three years of buying your existing one.

Contact iMaster for Zero Tax certificate consultants in Chennai +91 95000 83333