NRI Taxation Clarification
This query is : Resolved
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)
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)
01 August 2025
1. Yes.
2. Yes, under schedule FA
B. Same as above if he is Resident Indian for the FY.
2. Yes, under schedule FA
B. Same as above if he is Resident Indian for the FY.
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