Income tax for nri- itr disclosures
This query is : Resolved
05 April 2016
For NRI's (marine professional, basis working in Offshore Oil & Gas fields out of India's territorial waters & number of days out of India of more than 190 days in a Financial year, thereby fulfilling criteria of NRI status)
a) Do they need to show their foreign income/assets when filing their Indian tax returns in latest ITR ?
b) Does all tax free income (LTCG - from sale of equity based Mutual Funds ) needs to be shown in ITR ? If yes, then under what section?
a) Do they need to show their foreign income/assets when filing their Indian tax returns in latest ITR ?
b) Does all tax free income (LTCG - from sale of equity based Mutual Funds ) needs to be shown in ITR ? If yes, then under what section?
05 April 2016
a) NRI need not show his foreign income/assets when filing their Indian tax returns.
b) Tax free Indian income to be disclosed under exempted income schedule.
b) Tax free Indian income to be disclosed under exempted income schedule.
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