Filing of return
This query is : Resolved
20 March 2015
Hi All,
My Client in Dubai for the Ay 2013-14 for more than 180 days as per income tax act he is NRI, he is having the Fixed Deposits with some nationalized banks interest is generated from FD's, the FD's time will mature after 5 years.
My client (NRI)Status is upto 19.08.2014 + 6 months. His Fd's (NRE Ac) extended on 08.02.2015, no TDS deducted so far from 2013.
know IT dept. asked to file returns for 2013-2014,bank asked to submit form.15
Plz calrify this, if i submit Form.15, than no need ot file return for the AY 2013-14.
Regards,
vk
My Client in Dubai for the Ay 2013-14 for more than 180 days as per income tax act he is NRI, he is having the Fixed Deposits with some nationalized banks interest is generated from FD's, the FD's time will mature after 5 years.
My client (NRI)Status is upto 19.08.2014 + 6 months. His Fd's (NRE Ac) extended on 08.02.2015, no TDS deducted so far from 2013.
know IT dept. asked to file returns for 2013-2014,bank asked to submit form.15
Plz calrify this, if i submit Form.15, than no need ot file return for the AY 2013-14.
Regards,
vk
20 March 2015
Interest earned on NRE deposits are exempted from income tax. You can file the return showing exempted income.
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