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Non rental property in India
Hi,
I own a house in US and have purchased a flat in Mumbai, India few years back. The flat is vacant and I do not wish to give it on rent as it will be my primary house when I visit India. Will the house in India be considered as rental property in US while paying taxes and will I be expected to calculate taxes by calculating possible rent that I might have earned if I had given it on rent? Please guide Thanks Geeta |
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