Tax on foreign remittance for education abroad from self account.

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This query is : Resolved

Sunil Joshi (Querist)

16 March 2022 My son went to USA for higher education to persue his MS on 20/08/2019. In FY 2019-2020, he had no income in India and USA. For expenses towards studies, he remitted Rs, 4,14,000 from his SB AC in India to USA account, which has been reflected in the statement AIS. Since this is below Rs. 7,00,000, no TCS is collected. Where do I mention this in ITR2, as he is filing his return for AY 2020-2021, as an NRI, as he was in USA for full year. Though he doesnt have any income in India and USA, still getting messages from CPC, to file return, or will be counted as default. Please explain what I should do? I can file a nill return, but where to mention foreign remittance, or it is not needed, as already reported in AIS
Sunil Joshi
suniljoshi2005@gmail.com
9820166034

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 March 2022 Income tax return for assessment year 2020-21 can't be filed now. No need to file ITR as no income to report. Ignore the message no action will be taken by the department.

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