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Income tax return format

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JAYANTA KUMAR BANDYOPADHYAY

professional service

293 Points Posted on 28 October 2021

My relative has been working in UK over 5 years with professional engagement. He is having Income from residential property on rental in Hyderabad plus some interest income in India.

Which ITR Form will be applicable for filing return

He regularly remit money to parents by account transfer. Is it coming under tax net?

Please guide me.

Replies (4)

Quick Summary

This discussion clarifies which Income Tax Return (ITR) forms are applicable for individuals with income sources in both the UK and India. It addresses scenarios involving rental income from Indian properties, interest income, salary, and various trading gains. The advice suggests ITR 2 for those with foreign income and ITR 3 for individuals with salary, intraday trading, and capital gains.