A Returning NRI's Perfect Guide: Income Tax Plan
A Returning NRI's Perfect Guide: Income Tax Plan
104 viewsJul 18, 2013
holisticinvestment.in
Is it MANDATORY for an NRI to file the ITR in India? 🤔📝 If any NRI is earning his entire income from foreign sources, and he is NOT HAVING any income in India, then in such case, generally, NRIs do not file their ITR at all. Later on, when they remit their foreign income in India, and utilise that income in India for any purpose (e.g. House buy), then for that particular year, they tend to receive the Income Tax Notice. To avoid such situation, it is very important for NRIs, that even if NRIs
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As NRI, Should you file tax returns in India or not? If you are confused, then quickly understand these two scenarios. If you fall under either one, then tax filing is advisable. 1. If you have done any financial transaction or bought or sold any asset class in FY 24-25 that will have tax implications, then you must file ITR. 2. If you are planning to buy any asset or make any big ticket purchase, then it’s also better to file ITR so you keep your records straight as an NRI with the IT departmen
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