Filing of ITR.

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1 Points Posted on 04 January 2023
Tax implications on money transfering from India to abroad for the student studying in abroad.
Is it necessary to file itr by the student for deposits in his account?
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On 04 January 2023 at 09:25 Report
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Quick Summary
This discussion clarifies whether students studying abroad need to file an Income Tax Return (ITR) when transferring money from India. Generally, if a student is a major with taxable income exceeding the basic exemption limit and is a resident, filing is necessary. However, if no taxable income exists, filing is not mandatory unless Tax Collected at Source (TCS) has been deducted on remittances, in which case filing can be done to claim a refund.

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Assistant
1095 Points Posted on 04 January 2023

IF He is Major and

His Taxable income more than Basic Exemption and

He is resident

Then Yes. 

In other cases file if any TCS deducted on remittance.

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On 04 January 2023 at 10:41
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Profession
28261 Points Posted on 04 January 2023
Not at all required.
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On 04 January 2023 at 12:24
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CFO- at NHTF
58280 Points Posted on 04 January 2023
Not required to file ITR since there is no income.

You may file just to get refund of tcs
8 Reply
On 04 January 2023 at 14:46

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