NRI information


This query is : Resolved 

Quick Summary
This discussion clarifies whether Non-Resident Indians (NRIs) are required to declare shares in overseas companies when filing their Income Tax Return (ITR) in India. The consensus is that it is not mandatory to declare these shares, even if no dividends are received or the shares are not traded internationally, provided the foreign company has no business or base in India.

(Querist)
23 June 2023 if a NRI filing ITR has to declare stock shares in overseas company. Even if there is no dividend received nor is the foreign companies shares traded on international share markeThe foreign company does not do any business in India and has no base in India
Please suggest

23 June 2023 No, not mandatory.

VARUN DHIMAN (Querist)
24 June 2023 Thanks sir for reply.
Please mention section which you have followed
Regards
Varun Dhiman

24 June 2023 Refer:: https://incometaxindia.gov.in/pages/i-am/non-resident.aspx

VARUN DHIMAN (Querist)
25 June 2023 Thanks sir for your reply

25 June 2023 You are welcome.


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