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ITR FILING FOR NRIS
ITR filing AY 2026-27: 8 costly mistakes taxpayers should avoid this tax return filing seasonThe I-T Department’s growing scrutiny, using AI and data analytics tools, leaves little room for omissions and errors, making accurate tax ...
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...
GIFT City investment: Here’s how resident Indians can invest in global stocks, ETFs, and mutual fundsIndian investors can now access global stocks, mutual funds, and bonds through GIFT City, India's first smart city and International Financ...
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...
New ITR forms alert: Secondary address field added, what taxpayers must knowNew Income Tax Return forms are here for Assessment Year 2026-27. A key change is a new field for a secondary address. Contact details are ...
NRIs filing ITR in India should know these four income tax-related changesNRI ITR filing changes: This year, income tax return filing will see changes due to the Income Tax Act amendments made via Budget 2024. Her...
ITR for UAE NRIs: Submit returns by July 31 to avoid penaltiesIndian expatriates in the UAE must file their Income Tax Returns (ITR) for the financial year 2024-25 by July 31, 2025. Recent changes incl...
NRIs' expectations from Budget 2025: 9 changes that NRIs want in income tax rulesThe simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing...
Income tax guide for NRIs as ITR filing deadline loomsNRIs must adhere to specific tax regulations under the Income Tax Act, 1961, including residency criteria and income classification. Key as...
What is the difference between ITR-1 and ITR-2 forms?ITR forms to use: When you file your income tax return, it is imperative to select either ITR 1 or ITR 2, based on your income sources for ...
Income Tax filing: Do NRIs need to file ITR if they have no income in India?Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...
ITR filing forms for FY 2023-24 (AY 2024-25): Which income tax return form applies to you?ITR forms: The important part of ITR filing process is to identify the correct the income tax return form applicable to their incomes. Fili...
Interim Budget 2024 could simplify ITR filing process for NRIsNRI ITR filing: The income tax return filing for non-residents (NRI) is a painful process. This is because they are required to use ITR- to...
NRI’s inoperative PAN: List of documents required for making PAN operativeIf an NRI's PAN is still inoperative, he or she must inform the appropriate jurisdictional Assessing Officer of their NRI status and provid...
Inoperative doesn't mean inactive: Tax department allays NRIs' fear over PAN cardsWhile Non-Resident Indians NRIs are not required to obtain an Aadhaar number, the recent conclusion of the deadline for linking PAN and Aad...
Inoperative PAN is not inactive: Income Tax Department clarifies on ITR filing, NRI PAN cardsIf a person is eligible to receive an Aadhar Card number, they must link it with their PAN card in accordance with Section 139AA (2). The d...
ITR-1 e-form for FY 2019-20 now available on income tax department websiteThe latest ITR-1 has introduced a new schedule 'Schedule DI' to allow an individual to claim the deductions from the gross total income for...
Income tax return form-2 in Java format released for e-filing for FY2017-18ITR-2 can be filed by individuals and Hindu Undivided families having income from any sources except income from profits and gains of busin...
What NRIs & expats should know about tax filing in IndiaThis year, non-resident Indians will have even more trouble filing taxes because CBDT has introduced several changes in the tax filing spac...