It return filing of nor assessee- regarding
This query is : Resolved
09 July 2015
This is with reference to filing of IT return of NOR Assessee (Resident but not ordinarily resident). In IT return there's a schedule FSI in which details of foreign income has to be filled in but to my knowledge the foreign income of NOR assesse shall not be included in the TI of assessee. As per instructions schedule TR_FA is to be filed by resident only. Therefore please suggest me whether to include the foreign income in the TI and where to show it in the IT Return.
My view is that the foreign income should not be shown in the return as the same is not taxable.
My view is that the foreign income should not be shown in the return as the same is not taxable.
09 July 2015
You are right but it can be shown in exempted income.
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