banner_ad

Income tax return

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 August 2013 DEAR ALL,

ONE OF MY CLIENT WHO IS NRI GOT A NOTICE FROM INCOME TAX DEPARTMENT REGARDING NON FILING OF INCOME TAX RETURN FOR THE LAST FOUR YEAR (AY 2010-11, 2011-12, 2012-13 & 2013-14). HIS INCOME WAS INCOME FROM OTHER SOURCES (INTT RECD. ON FIXED DEPOSITS & BANK DEDUCTED TDS ON THAT AMOUNT). NOW PLZ ADVICE ME WHAT SHOULD WE DO,,,,,

2NDLY PLZ LET ME KNOW THE INTT RECD. FROM NRI SAVING IS EXEMPTED FROM TAX OR NOT

THANKS IN ADVANCE
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
07 August 2013 1. If the client was a non-resident in all these years, then reply to the letter by saying that the assessee was a non-resident.
However, please ensure that the bank interest does not exceed the basic slab rate.

2. Interest on FDR with banks in India is taxable in the hands of the non-resident.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details