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NRI Taxation Clarification

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Sudhakaram Duggisetty

Sudhakaram Duggisetty (Querist)
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01 August 2025 A. ASESSEE IS A RESDENT INDIAN
HE IS OWING ASSETS IN USA WE REQUIRE CLARIFICATION ON THIS 2 POINTS
1. INCOME DERIVED FROM FOREIGN ASSETS TO BE CLUBBED WITH INDIAN INCOME ?
2. WHETHER FORIGEN ASSET SCHEDULE TO BE FILLED UP WITH INCOME TAX RETURN ?

B. CLARIFY THE ABOVE POINTS IF IN CASE OF ASSESSEE IS AN OCI (OVERSEAS CITIZEN OF INDIA)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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01 August 2025 1. Yes.
2. Yes, under schedule FA
B. Same as above if he is Resident Indian for the FY.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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24 September 2025 Good Luck...

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