House property

NRI buys one house property this year above 50Lakhs . In which ITR it should be filed?
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Quick Summary
An NRI purchased a house property valued over £50 Lakhs this year. The discussion clarifies that an Income Tax Return (ITR) filing is generally only required if taxable income surpasses the basic exemption limit. For most NRIs in this situation, ITR 2 is the recommended form. However, if taxable income exceeds the exemption limit, filing becomes mandatory.

Unless taxable income is above basic exemption limit, no need to file ITR.

In general ITR 2 will be suitable.

If taxable income exceed basic exemption limit than required to file ITR

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