Non-Resident Indians (NRIs) need to file their Income Tax Returns (ITR) using specific forms depending on their income. Generally, ITR-2 is used if you don't have business or professional income. However, if you do have such income, you might need to use ITR-3 or ITR-4. It's crucial to identify all your income sources, such as interest from Fixed Deposits, to determine the correct form.
26 June 2020
IT DEPENDS UPON TYPES OF INCOME. AS SIR SUGGEST. IF THE PERSON HAVING INCOME FROM BUSINESS AND PROFESSION THEN ITR 4 OR ITR 3 CAN ALSO BE FILED. FIRST YOU SHOULD BE CLEAR THAT WHAT KIND OF INCOME THAT NRI HAVE
24 July 2020
I have found my prevous F Ys years form 26 AS updated with adding "section E" wherein some very high figures > 10L is shown by Bank/s. what are these figures. what do they indicate and what should be done about it by a tax payer. The figure obviouly is a cumulative figure of bank transactions. But unclear as to which particular transactions. one more column says mix or cash. please explain in details so it could be shared amongst my friends and well wishers. Also it will help the general public qat large. Thanks in Advance.