NRI - Return filing

Dear Sirs,

                  Kindly let me know what to do in the foll case:

             An person who is an NRI working on an Indian Ship has NO INCOME accruing no or arising in INDIA

          

           He wants to procure a Housing Loan ,but the bank authorities are demanding his I.Tax return.He has not yet filed his I.Tax return since he did not have any Income from any source in India

 

          a) Is it essential for him to file his return now

             (If Yes then i) which ITR should he file

                                ii) Should he show Zero '0' against all Heads of Income (since he has no taxable 

                                                                                                                        Income)

                                        OR

          b) Is there any other option to procure loan

              

          Pl reply at the earliest

          Thanks               

Replies (2)

i think itr filed by him in his residential country is acceptable by bank. 

i will try to find out answer of dat properly

There is no harm in filing NIL return for income earned outside india . However there must be Indian income of NRI in form of bank interest and other investments in India.

 

Also the bank statement of NRI outside India and the salary certificate shall help in loan finalisation.

 

Anuj

+91-9810106211

femaquery @ gmail.com

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