Nri indian income & deduction

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Ranveer (Querist)
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25 August 2011 hello,
if someone can advice in the following matter it would be helpful

For F.Y. : - 2010 – 2011 , my status is NRI ….. I moved out of India in fy 2009- 2010 and was out of India for entire fy 2010 – 2011…

while I was in India, I had made certain investments from my Indian income in
Private Bank Fd’s, Private Company fd’s and Post office income schemes….

I have received interest on all of the above investments for Fy 2010-2011....deposited in local indian bank a/c… and have also received one off Referral bonus income from my previous Indian employer in India

Total income amts to approx Rs. 2,35,000 /= and have deductions available from
80 C – PPF ( continued ) Rs.70,000 /= &
LIC 50,000 /=
80 D – 15,000 /=
80 G - donation of Rs.30,000 /=

I want to know if I file my I.T.Return for fy 2010-2011 in India bcos of Indian income then will I be able to claim deductions under 80 C , 80 D, 80 G from all of my above mentioned Indian income…..

As one of my colleague told me over here that u r not allowed to claim deductions under 80c,80d,80g if u have only Investment income in India and are filing return as a NRI….

I have made all of the above investment while I was in India ...
if I can claim these deductions can ITR 1 be filed showing salary income ( referral bonus received ) and interest income…

please help…..
thank u

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 August 2011 You can file return by claiming the deductions U/s 80C, 80D and 80G as these investments are not made through foreign currency.

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Ranveer

Ranveer (Querist)
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25 August 2011 thank you very much sir....one more thing can i show referral bonus received by me under salary head and also
while filing ITR 1 do i need to give any declaration alongwith return ??

regards

Ranveer

Ranveer (Querist)
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CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 August 2011 Amount received from a former employer is also treated as salary income.

Please mention your residential status as NRI.

No other declarations as such is required.
You are a citizen of this country first, may be you are called an NRI. Income accruing in India, if, is kept in India,
you are at par with a resident Indian.

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Ranveer

Ranveer (Querist)
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25 August 2011 thank u sir...

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