Income tax on abroad income

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Varma (Querist)

01 March 2017 A Person who's residential status is NRI and have 3 lakhs of income from FD Interest and filed income tax return for AY: 2016-17 with in the due date. He also have Abroad Income of 9,00,000 now he want to show that abroad income in his revised return and no tax is paid on that 9,00,000 in abroad. My question is

(1). Which return he need to file ITR 1 or ITR 2A (ITR-1 original return filed by him).

(2) Does he need to pay tax on abroad income of 9,00,000 in India?

Thanks in Advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

01 March 2017 1) Being NRI the return already filed is in order no need of any revision.
2) No need to pay any tax on abroad income in India.

Abhinav

Abhinav (Expert)

03 March 2017 If the abroad income is first "received" outside India and has no business connection with India, there is no requirement to offer it for tax in India. No need to revise that return.

Situation can change if that income is first credited to an Indian bank account.

Thanks!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

03 March 2017 In case of NRI the situation will not change even if salary income is credited in Indian bank ac.

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