Income from renting of properties is taxed at a flat rate of 10%.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
Maharashtra Finance Minister Sudhir Mungantiwar speaks to Prasanna Zore/Rediff.com.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
Here is the full transcript of Congress vice president and Lok Sabha poll campaign chief Rahul Gandhi's first formal TV interview with Times Now Editor-In-Chief Arnab Goswami.
