Dear Friends,
My friend is working in UAE, He would like to make some investments in his wife name in India. Already he has made 16Lakh term Deposits in Post Office. Now, he would like to invest further 30 Lakhs in her wife's name in the Post Office.
ITR-2 Done for her wife for FY 19-20, 20-21. But, they didn't show existing investment in ITR2 bcoz her wife Income is NIL.
Anyone can advise on this.
Menu
NRI Income Investments In India
Replies (8)
Interest income should be shown in ITR
Sourav Bhai, we don't need to show this investment? Interest income only enough?
Only Interest income on FD is taxable
No need to show Investments in GSTR-2, only interest income will be required to show in ITR-2
Interest income is enough
Sourav, You are giving the same reply three times on this query.
Please stop and making fun of public site for sake of some points.
Please stop and making fun of public site for sake of some points.
Are the clubbing provisions u/s 64 not applicable here ?
Defilnately applicable but if such amount will as in form of loan, then not applicable.
Recent Threads
- Mutual fund income reporting
- Income taxform and 44ad and 44ada
- RSU - shares sold to cover taxes
- HSN numbers
- Disclosure of Additional Income in 148 Return
- Input tax after revision of GST rate
- Is Variable Pay considered as commission?
- Conveyance Reimbursement,Uniform Allowance,Interne
- GST Applicable for Section 8
- Income tax return status issue
Related Threads
CAclubindia
