Dear experts, I am a non resident working in the middle east. Since I do not have interest income or other income generated in India, or income is below minimum exemption limit of 2.5 lacs, I do not file ITR.
However, can I invest in mutual funds in India from salary earnings made in the middle east ? Is there any cap on the investment, even though I am not filing returns ?
I can explain source of funds as salary, and have the requisite number of days outside country.
Is filing returns a pre-requsite for investing in mutual funds ? Is there any upper limit.
Please advice.
CAclubindia
