banner_ad

Does NRI need to file ITR in India if he buys an apartment

ITR 511 views 2 replies

Does NRI need to file ITR in India if he buys an apartment in India?

I'm an NRI living in USA and recently bought an under construction apartment in Hyderabad. The builder paid 1% TDS on my behalf. Now do I need to file ITR for this ? I don't have any other income in India. 

Few days back I received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23.

Can I select Not liable to file return of Income in AIS portal ? Please help.

Replies (2)
Advisable to file the return of income. Have seen NRIs getting scrutiny income tax notice where you will have to explain source of funds etc. So an ITR filed would help you positively at the time of assessment.

I don't have any income in India. I just purchased a property and it is still under construction. 

What option should I select when filing ITR-2 below since I don't have any income? Please help.

1) Taxable income is more than basic exemption limit

 

3) Others


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details