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Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2015 Hello,

The residential status of one of my clients was non-resident during previous year 2012-13. He was outside india for whole year. He was dealing in sale and purchase of future and options in India and had loss. Please tell me whether he is liable to file Income tax return ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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13 March 2015 If he has no other taxable income earned in India and doesn't want to carry forward the loss in future and options, no need to file the return.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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13 March 2015 yes even if he was non resident but earned income in india then need to file itr as income is taxable in india.

Querist : Anonymous

Querist : Anonymous (Querist)

13 March 2015 Thanks Mr. sitharam ji.

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