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NRI ITR Form number ?

Abansal ( Manager) (121 Points)

02 June 2009

what is the income tax return form for an NRI having just interest income in india?

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9 Replies

Karthik (C A Student) (219 Points)
Replied 02 June 2009

ITR 1

CA Lovenish Bansal (JOB) (343 Points)
Replied 02 June 2009

There is no other ITR form is specified. If assessee has only Interest income ITR-1 will be filed. if assessee is non-resident then that column will be ticked.

Thanks,

Abansal ( Manager) (121 Points)
Replied 02 June 2009

thanks kathik and lovenish, but ITR 2 also seeme suitable , what ITR 1, i am confused

Karthik (C A Student) (219 Points)
Replied 02 June 2009

See Aashima, a person having only interest income and salary/pension/family pension will have to use ITR 1 !!

Karthik (C A Student) (219 Points)
Replied 02 June 2009

And forms are also classified on their simplicity and applications....its like you can't put salary income under the head income from business/profession right ???

MANISH KAPOOR (PARTNER) (97 Points)
Replied 02 June 2009

ITR 1 is applicable

PRAVEEN KUMAR (MBA (Finance) B.Com.(P)) (3438 Points)
Replied 02 June 2009

Form ITR 1 is applicable for this case

He may even authorize any person to sign the return on his behalf as authorized representative.

A useful development in the recent years is the facility of online/e-filing of returns which helps timely filing. However, if he does not have a digital signature, he will have to adopt a combination of e-filing and physical submission of the return filed online within 15 days of e-filing.

Thanks

:-)