NRI Taxation Clarification
This query is : Resolved
Quick Summary
Sudhakaram Duggisetty
(Querist)
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)
Dhirajlal Rambhia
(Expert)
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.
Dhirajlal Rambhia
(Expert)
24 September 2025
Good Luck...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Employee secondment
- Ito add credit side of bank
- GSTR9 Annual Return
- Form 144 TDS Return Validation error
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- LLP audit and disclosure
- Import of Capital Machine
- Rectification under processing even after 6 months cpc portal
- Applicability of tax on invoice
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
