Hi.
I am living in US and sending money to my Indian saving bank account.
I am already giving tax to US government on my earnings and submitted tax form 1040 in US.
Do I need to file ITR here for Interest Earned on my Saving Account alongwith my LIC premium paid during the year and PPF contributions?
hi,
ya you need to file ITR on income from other sources and LIC premium ,since remittance of money is not taxable,interest is however taxable
regards
sripal jain
You need to file return in case that interest is more then exempt limit for the AY
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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