Hello Experts,
I need some guidance regarding filing the income tax return for an NRI (Non-Resident Indian) who is residing in Dubai. The situation is as follows:
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The NRI has someone acting on their behalf in India.
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Some income has been earned, and TDS has been deducted under Section 94H @ 2%.
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The amount has been credited to the NRI’s Indian bank account for FY 2024-25.
Questions:
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Can the NRI file an Income Tax Return for FY 2024-25 in this case?
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If yes, should they file ITR-2 or ITR-3?
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When selecting ITR-2, there seems to be no option to show the net profit. If we mention the full commission of ₹17 lakhs, tax liability arises. How can this be addressed in ITR-2?