Filing of tax return for asset held outside india

This query is : Resolved

abhilasha jain (Querist)
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04 May 2012 The inserted clause is:
“Provided also that a person, being a resident, who is not required to furnish a return under this
sub-section and who during the previous year has any asset (including any financial interest in
any entity) located outside India or signing authority in any account located outside India, shall
furnish, on or before the due date, a return in respect of his income or loss for the previous year
in such form and verified in such manner and setting forth such other particulars as may be
prescribed.”.
My querry is whether the word resident includes Ordinary Residents and Not Ordinary resident also. and whether this provision applicable to Foreign Passport Holders.

Guest

Guest (Expert)

04 May 2012 Resident includes OR and Not OR it applies to foriegn passport holder also