Foreign income and bank account

1268 views 2 replies

Hi all

 

Client was working in US for last financial year and returned back to India recently, she didn't closed her bank account there.

 

Now she got intimation to show foreign assets in itr?

1) She has to file her incometax return showing foreign income or need to declare bank account details?

2) if she has to declare foreign income how to get tax certificate?

Please help it's very urgent 

Replies (2)

If the client is Non-Resident or RNOR, she does not need to declare foreign income or the US bank account in her Indian ITR, even if the account is still open. Foreign income and Schedule FA disclosure apply only if she is Resident & Ordinarily Resident (ROR). The intimation received is likely system-generated. First confirm residential status—this resolves the issue entirely.

Advice

Please check in incometax....profile...status... ( Because even if assessee is NRI and status in profile not corrected....itr will be processed accordingly)


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details
Company
Featured 14 March 2026
Article Trainee

N N V Satish&co

Hyderabad

CA Inter

View Details
Company
Featured 12 March 2026
Customer Relationship Executive

TAXLET

Calicut

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

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