Regarding filing of return
This query is : Resolved
11 January 2016
R/sir,
Assesee Stay in Uk 170 Days and received Scholarship from university on Monthly basis (Scholarship is used for study exp)
My question is 1) whether to mention the Foreign Account Bank detail in Filing ITR
2) Is Scholarship received is exempt U/s 10(16) of Income Tax Act if yes whether it is mandatory to show while filing the return.
Further if i want to declared my foreign bank account Detail. i have no IFSC code of such bank. i have only Branch identifier Code and Sortcode. as per income tax Schegma we have to mention the IFSC code and bank acccount number
Assesee Stay in Uk 170 Days and received Scholarship from university on Monthly basis (Scholarship is used for study exp)
My question is 1) whether to mention the Foreign Account Bank detail in Filing ITR
2) Is Scholarship received is exempt U/s 10(16) of Income Tax Act if yes whether it is mandatory to show while filing the return.
Further if i want to declared my foreign bank account Detail. i have no IFSC code of such bank. i have only Branch identifier Code and Sortcode. as per income tax Schegma we have to mention the IFSC code and bank acccount number
11 January 2016
1 This is the only source of income no need to file return in India as it is exempted.
2 Yes it is exempted u/s 10 (16).
Disclose foreign bank ac under asset disclosure including bank balance. The space you are referring is for declaration of Indian bank ac.
2 Yes it is exempted u/s 10 (16).
Disclose foreign bank ac under asset disclosure including bank balance. The space you are referring is for declaration of Indian bank ac.
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