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Schedule fa in itr 2

ITR 2761 views 4 replies

A non resident has fixed asets abroad. Is it mandatory for him to fill schedule FA in ITR 2 or can he file form ITR 2A directly?

Replies (4)

Dear Sir

 

ITR 2A is applicable to only Assessees not having Income from PGBP and Capital Gain and don't hold foreign assets.

You need to file ITR 2 becouse you have foreign assets as you mentioned above.

Thanks for your reply The excel utility has a hidden row at number 209 When we paste those rows in another excel file we will be able to see that row. There it was written that that schedule is not applicable for non residents. Please clarify.

ITR2 will be the correct form for Assessment Year 2015-16.

ITR2A is wrong for this year onwards. What may have happened is that IT department software engineers copied the the previous year's ITR2 form and created ITR2A by hiding some rows related to FA.

 

Originally posted by : krishna
A non resident has fixed asets abroad. Is it mandatory for him to fill schedule FA in ITR 2 or can he file form ITR 2A directly?

Sir

I have seen this in Schedule FA in the java utiluty of ITR-2

In case of an individual, not being an Indian citizen, who is in India on a business, employment or student visa, an asset acquired during any previous year in which he was non-resident is not mandatory to be reported in this schedule if no income is derived from that asset during the current previous year.

 

 


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