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Income tax

sukesh (Article Assistant) (23 Points)

03 March 2018

i am hyderbad based tax practioner, i have a small doubt in return filing. one of my client has moved to america in march 2015.till now they dnt have any income raised in india. is it compulsory to file income tax return? if so, can u please help me the ITR No? every year we nned to file the return??

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160551 Points)
Replied 03 March 2018

If aggregate income from all sources that accrued in India, is below basic exemption limit...... no need to file any ITR.

sukesh (Article Assistant) (23 Points)
Replied 03 March 2018

sir,

there is no income for them at all. they just got mail from income tax that its a remainder to file ur return. i think they have some nre accounts and some amount deposited in it. is this necessary to state that income details if their return is filed now?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160551 Points)
Replied 03 March 2018

Check properly FDs, bank account transactions in NRO acc, if any....... (verify with Form 26AS)

If the interest received/accrued with all other taxable credits in the account/s is below BEL, you can reply accordingly.

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Vunu (Developer) (135 Points)
Replied 20 March 2018

Sukesh-ji, (Just for information) If anyone is sending amount from outside India to India, then it is a good practice of mentioning that amount in Exempt Income column in ITR. It helps in maintaining the records of funds that are entering India.