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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Filing of ITR.
Replies (3)
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.
Not at all required.
Not required to file ITR since there is no income.
You may file just to get refund of tcs
You may file just to get refund of tcs
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