Foreign income
This query is : Resolved
23 July 2015
One of my relative earned salary income outside india from year 2008 to 2013.On jan 2014 he returns to india.He has some bank balance till now outside india the source of which is salary.On salary income he also paid tax during those year.
My question is during the year 2014 -2015 he have to file form 6 (related to disclosure of undisclosed income) ? becoz while filing income tax return for the year 2013 -2014 he has not mentioned the foreign bank details or remittances of funds from outside in india.
My question is during the year 2014 -2015 he have to file form 6 (related to disclosure of undisclosed income) ? becoz while filing income tax return for the year 2013 -2014 he has not mentioned the foreign bank details or remittances of funds from outside in india.
23 July 2015
For the year 2013-14 he is a non resident so there is no necessary to disclose such details. while filing the return now for FY 2014-15 disclose it. It is not an undisclosed income.
23 July 2015
thanks,
Accumulated salary amount deposited in a bank outside india will be disclosed through which itr form in india ?
Any remittances from that account to india within the p.y. 2014-2015 taxable during the year?
Accumulated salary amount deposited in a bank outside india will be disclosed through which itr form in india ?
Any remittances from that account to india within the p.y. 2014-2015 taxable during the year?
23 July 2015
Disclose in ITR 2 schedule FA.
Not taxable for any remittance in to India from that account during 2014-15.
Not taxable for any remittance in to India from that account during 2014-15.
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