Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Itr for nri

Save Share

This query is : Resolved

Anirban Chatterjee (Querist)
Follow

20 April 2019 SIR I have a small question . if any person resides outside india for job purpose & he sends every month money in his home. now he decide starting a new retail business in India &also doing his own job in outside india. So sir when he sends money in India he tax paid in that country. my question is that moneyhow to show in ITR file ?? Please guide me. Regards Anirban Chatterjee

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

21 April 2019 Show it in exempt income schedule.

CA PARTH SHAH

CA PARTH SHAH (Expert)
Follow

22 April 2019 Since you are not a indian resident as per income tax act, your income from salary shall not be taxed in India. You can show the amount remitted to India as capital receipts in the balance sheet of the Business. Your Business Income shall be taxable in India.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now