PAN-UPDATION IN INCOME TAX SITE
This query is : Resolved
CA Nidhi Kanabar
(Querist)
31 May 2023
Hello,
Suppose, I am foreign citizen and Non resident since 15-16 yrs and hold PAN card so is there any rule to update my residential status as per income tax site India. basically I have bank account(NRO) in India but income is below taxable limit hence I am not liable to file income tax return in India.
please guide in this matter urgently whether do update my resident status without filing of ITR to income tax site , shall I apply for New PAN as foreign citizen and surrender old PAN?
Suppose, I am foreign citizen and Non resident since 15-16 yrs and hold PAN card so is there any rule to update my residential status as per income tax site India. basically I have bank account(NRO) in India but income is below taxable limit hence I am not liable to file income tax return in India.
please guide in this matter urgently whether do update my resident status without filing of ITR to income tax site , shall I apply for New PAN as foreign citizen and surrender old PAN?
31 May 2023
No need to update PAN nor mandatory to apply for new PAN.
Better to file nil return under NRI status to convey your status to ITD.
Better to file nil return under NRI status to convey your status to ITD.
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