taxablity of nonresident
This query is : Resolved
31 May 2010
1.Is NRI is required to file Returns?
2. If not,is he required to maintain any domestic A/cs for some compulsory obligations Such as LIC,PPF, etc if he is holding NRE A/c?
3.What is the limit to remit the earnings from Foreign in india per year out of which he can make the payment?
2. If not,is he required to maintain any domestic A/cs for some compulsory obligations Such as LIC,PPF, etc if he is holding NRE A/c?
3.What is the limit to remit the earnings from Foreign in india per year out of which he can make the payment?
01 June 2010
An NRI is required to file returns if he is having taxable income in India from other sources like bank interest,capital gains,business income etc. There is no obligation as such for him to maintain accounts unless he has activities that attract Sec 44AA of the IT Act 1961. There is no limit for inward remittance thro proper banking and other authorized channels.
siva208@yahoo.com
siva208@yahoo.com
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
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
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
