A person worked in India for 3 months during FY 2022-23 resigned and moved to canada as a PR.
During the process they got a travel card in CAD from HDFC for Rs.5.60 lacs ( first for Rs.2.40 lacs and again loaded Rs.3.20 lacs).
Now this amount is shown in Form 26AS under Part VI (Details of Tax collected at Source) - 206CQ.
Under Annual Information Services Part B - its shown in outward foreign remittance / purchase of foreign currency - Remittance under LRS (u/s 206C (1G (a))).
Which ITR should be used for filing and whether the above has to be declared in ITR, if yes, where to fill these details.
27 May 2023
File ITR 2 and declare all the legitimate income that should be assessed as per Indian IT act. Any amount of excess of Tax collected from you can be claimed as refund. Outward foreign remittance, if personal expense, should not be declared in ITR. Source of funds can be questioned at any time.
CAclubindia
