any NRI who has only intrest income from bank and TDS is deducted he has to file income tax return for getting refund . What are the information he is required to provide ,do he mention bank accont held in other country when tax is been paid in other country ect more
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For an NRI, there is no need to declare income outside India. He has to submit residency certificate of the foreign country. more
Jul 03
He has to file his Income tax return by declaring only his sources in India, in this case only Interest Income and file the return by declaring his Indian bank account to which he wants the refund to be received. Foreign assets and bank account particulars are not required to be filled ( this is only applicable to Indian resident). more
Jul 03
Respected Sir, An NRI's income taxes in India will depend upon your residential status for the year. If your status is 'resident' your global income is taxable in India. If your status is 'NRI' your income which is earned or accrued in India is taxable in India. Salary received in India or salary for service provided in India, income from a house property situated in India, capital gains on transfer of asset situated in India, income from Fixed Deposits or interest on savings bank account are all examples of income earned or accrued in India. These incomes are taxable for an NRI. Income which is earned outside India is not taxable in India. Interest earned on a NRE account and FCNR account is tax free. Interest on NRO account is taxable for an NRI. more
Jul 03
Is that (declaring income from outside India) really required Vijay Dutt Ji. Can you recheck and confirm please. more
Jul 03
In my opinion he is not required to intimate about the bank account held by him outside india but he has to declared their Income from outside India to the Income tax department in his Income tax return. more
Jul 03
