Non resident assessee foreign assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2017
IT HAS BEEN CLARIFIED THAT FOREIGN BANK ACCOUNT DETAILS NEED TO BE GIVEN BY NON RESIDENTS AND NOT ORDINARY RESIDENTS IN CASE OF REFUNDS ELSE IT IS NOT A COMPULSION.
1.WHAT ABOUT FOREIGN ASSETS OF A NON ORDINARY RESIDENT IN INDIA.
IS IT TO BE DECLARED COMPULSORILY OR VOLUNTARILY WHILE FILLING ITR.
2.IF A NON ORDINARY RESIDENT HAS A RENTAL INCOME FROM FOREIGN PROPERTY WHICH IS BEING PAID IN A FOREIGN COUNTRY ACCOUNT ,WHICH IS NOT TAXABLE IN INDIA(CORRECT ME IF I AM WRONG),DOES IT NEEDS TO BE DISCLOSED IN ITR ALSO.
1.WHAT ABOUT FOREIGN ASSETS OF A NON ORDINARY RESIDENT IN INDIA.
IS IT TO BE DECLARED COMPULSORILY OR VOLUNTARILY WHILE FILLING ITR.
2.IF A NON ORDINARY RESIDENT HAS A RENTAL INCOME FROM FOREIGN PROPERTY WHICH IS BEING PAID IN A FOREIGN COUNTRY ACCOUNT ,WHICH IS NOT TAXABLE IN INDIA(CORRECT ME IF I AM WRONG),DOES IT NEEDS TO BE DISCLOSED IN ITR ALSO.
28 July 2017
voluntarily you can declare.....no compulsion
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- TAN for Partnership
- Sales return eway bill
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- E way bill for tractors
- REGARDING GST LIABILITY/....
- Specified Profession
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Plot of land. Cost of Acquisition
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
