Do NRI/PIO/OCI have to file return in India for their property rental income and Capital Gains Tax?

Do NRI/PIO/OCI have to file return in India for their property rental income and Capital Gains Tax?

Do NRI/PIO/OCI have to file return in India for their property rental income and Capital Gains Tax?

The Government of India has granted general permission for NRI/PIO/OCI to buy property in India and they do not have to pay any taxes even while acquiring property in India. However, taxes have to be paid if they are selling this property. Rental income earned is taxable in India, and they will have to obtain a pan and file return of income if they have rented this property. On sale of the property, the profit on sale shall be subject to capital gains.