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ITR FILING FOR NRI
Working abroad? You may pay zero tax on selling Indian shares if you meet this conditionIndians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...- Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
- 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...
- Hong Kong-based son gets tax notice after father buys insurance policy in his name with cash; he fights back and wins case in ITAT MumbaiAn NRI in Hong Kong faced an income tax dispute after withdrawing cash from his NRE account to give to his father. The father used this mon...
- Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
- 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...
- Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick rightThe Income Tax Department has notified the updated forms for Assessment Year 2025-26. Here’s a quick guide to help you identify the correct...
- Despite being NRI you will be taxed as Indian resident if your income in India is above this; Know what else NRIs need to watch out while filing ITRITR for Non-resident Indians (NRIs): While filing income tax return (ITR) NRIs need to keep a close watch whether deemed residency status h...
- 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: Comparison of ITR filing charges across different websites: Cleartax, TaxBuddy, Tax2Win, KoinX, TaxNodes, TaxSpannerITR filing charges: This article compares the price of filing ITR across different third party websites like Clear, TaxBuddy, Tax2Win, Koin...
- How to file income tax returns: A step-by-step guide for NRIsIn addition to residents, anyone earning income abroad is subject to the Indian Income Tax Act of 1961. The benefits and income tax laws th...
- Income tax made easy: NRIs' complete guide to income tax filingSrishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Ex...
- 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...
- What is my ITR filing status if I recently shifted back to India from the US?If your days spent in India are more than 182, it makes you a resident in India. Further, determine whether you are resident and ordinarily...
- Everything you need to know on taxation of NRIs under Indian Income Tax ActSection 6 of the Income Tax Act prescribes provisions for determination of residential status of an individual. Residential Status is deter...
- Order of ITR filing deadline extension to Sept 30 is fake: CBDTThere had been rumours that the deadline may be extended again. There had been images of an order issued by the CBDT circulated in social m...
- Latest ITR forms ask for more income details: Here's how to get themThis is the second time in a month the income tax department has updated these utilities. Earlier the department had revised the utilities ...
- 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...
- Earning abroad? Know the tax rulesOnly, tax residents of India (ROR) are subject to tax on their global income, which would include interest income on overseas bank accounts.
- Tax filing tips for Non Resident IndiansAre you a NRI and don't know how to go about filing tax returns in India? Here is what you need to do. World News and Trends I New H-1B rul...
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