File income tax as nri for first time?

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nikky (Querist)
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22 June 2018 I moved to another country in end of 2016. And FY 2017-18 will be my first year when I am filing Income tax as NRI.

I have income in india from Bank/FD Interest as well as some in Stocks. I need to file ITR 2 (correct me if i am wrong) .

Here is my question:

I have been transferring my savings to India from foreign country on a regular basis and investing it in India.

In my ITR 2 form, Is there ANYTHING I need to mention about my foreign income anywhere.

I have already paid taxes in the host country. Has there been any rule change recently which require me to do it?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 June 2018 1.yes you need to file ITR_2

2. no need to report amounts or source of foreign income

3. you need to work out the DTAA benefits in the country of tax residency

nikky

nikky (Querist)
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13 August 2018 @Nikhil Could you please explain your 3rd point? What do you mean by "you need to work out the DTAA benefits in the country of tax residency" ??

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 August 2018 that you will claim the benefits of taxes paid in the country of residency. If you a NRI for Indian tax purposes, then you need to avail the credit for "taxes paid in India" in the country of tax residency.