Nri
This query is : Open
yourtaxcentre
(Querist)
02 June 2014
I am having this issue in filling ITR for a Non Resident Indian (NRI).
In the F.Y. the concerned assessee has his receipts from salary earned while working on a foreign ship in foreign waters. He was in india for less than 182 days in total during the previous year, thus maintaining his NRI status.
He earns interest on savings bank account he has in India the total of which is Rs. 13,550- his total income in India. No TDS deducted.
Now he wants to file his return in India, what ITR should be filled, will his foreign salary be reported in it, if yes under which column.
The salary is received in US $, we have the pay vouchers for every month at what rate will it be converted to be reported in the return.
In the F.Y. the concerned assessee has his receipts from salary earned while working on a foreign ship in foreign waters. He was in india for less than 182 days in total during the previous year, thus maintaining his NRI status.
He earns interest on savings bank account he has in India the total of which is Rs. 13,550- his total income in India. No TDS deducted.
Now he wants to file his return in India, what ITR should be filled, will his foreign salary be reported in it, if yes under which column.
The salary is received in US $, we have the pay vouchers for every month at what rate will it be converted to be reported in the return.
Amol S Joglekar
(Expert)
02 June 2014
file salary itr2. De(write/ declare the figure of salary under income claimed exempt.)
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yourtaxcentre
(Querist)
02 June 2014
thanks, kindly also help with the rate/rates to be used for the conversion of the salary figure to Indian rupees.
Also does it make a difference whether this money is brought into India in the same F.Y.
Also does it make a difference whether this money is brought into India in the same F.Y.
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