NRI INCOME FROM SHARES IN INDIA

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INCOME TAX PRACTITIONER
1329 Points Posted on 29 July 2023

A PERSON LIVING IN SINGAPORE OVER 5 YEARS AS EMPLOYMENT VISA, BUT HE DOING SHARES IN INDIA  ALSO.

CAN I DISCLOSE HIS INDIAN INCOME SUCH AS INTEREST , DIVIDEND, FD INTEREST, AND SHARE PROFIT/LOSS ONLY HIS INCOME AND FILE RETURN SIR?

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On 29 July 2023 at 19:15 Report
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Quick Summary
If you are a Non-Resident Indian (NRI) living abroad for over five years on an employment visa, you must disclose your Indian income. This includes earnings from shares, dividends, fixed deposits, and any profits or losses from share trading. You should file your Income Tax Return (ITR) using ITR 2, declaring your status as an NRI.

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SEO Sai Gr. Hosp.
212506 Points Posted on 29 July 2023

Yes, file ITR 2 under his status as NRI.

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On 29 July 2023 at 22:11
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Profession
28267 Points Posted on 04 August 2023
You hv to disclose the same.
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On 04 August 2023 at 13:01
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Chartered Accountant
24588 Points Posted on 04 August 2023
Yes it should be shown
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On 04 August 2023 at 15:11

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