NRI tax returns

This discussion addresses common queries from NRIs regarding tax return filing, particularly concerning NRE and NRO Fixed Deposits exceeding 10 lakhs. It clarifies whether filing is mandatory even without tax liability, especially when SFT-005 transactions appear on Form 26AS. The advice leans towards filing returns due to increased information reporting by the Income Tax Department, even if income is non-taxable or below the basic exemption limit, particularly if capital gains are involved.