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Discussion > Income Tax > ITR >

Itr for nri

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articalship

[ Scorecard : 30]
Posted On 22 May 2012 at 13:47 Report Abuse

Please tell me what is the ITR form required to be filled for AY 2012-13 for NRI if he/she is having interest income on NRO deposit/saving A/c.

 

 

 

Regards

Vikash Mishra

9910107433



Peter Boxer
Consultant

[ Scorecard : 83]
Posted On 06 June 2012 at 21:34

ITR-1 if all you have is Interest




Peter Boxer
Consultant

[ Scorecard : 83]
Posted On 06 June 2012 at 21:48

ITR-1 if all you have is Interest



PRAKASH KUMAR
Accounts

[ Scorecard : 21]
Posted On 26 June 2012 at 16:12

Please suggest how fill ITR-1 for below example

Income from FD Rs. 50000

TDS 5000

NRI person wants refund for this,

Remark : no any other income from india , not any saving by NRI under chapter vi

 

1. what will be gross total income for AY 12-13,

2. Can NRi avail slab rate of  1.80 Lakh which offered by indian govt in FY 11-12

 

 

 



Peter Boxer
Consultant

[ Scorecard : 83]
Posted On 27 June 2012 at 02:49

Rs 50,000 should be entered in Line for "Income from Other Sources". This will also be the Gross Total Income if there is no other source of income from India and if the person is non-resident then income from non-Indian sources will not be applicable.

TDS should be entered in lines for "Details of Tax Deducted at Source on Income Other Than Salary". All details like TAN of the deductor, name of the deductor and amount of tax deducted must be filled in. If possible confirm this matches the tax credit shown for the person inf Form 26AS (which can be downloaded from the Income Tax website) and should also match the Form 16A that the deductor should have given to the person.

NRI can avail of the Rs 1,80,000 deduction. So, in this example there will be no tax since the Rs 50,000 income is less than Rs 1,80,000 slab and all TDS should be refunded.

Best way to file is to use online e-filing using Excel spreadsheet for ITR-1. This is also available on the Income Tax Dept website:  https://incometaxindiaefiling.gov.in/portal/index.do

 

 



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