Regarding filing itr of nri people
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 July 2013
Kindly suggest,
a person is residing in US from last 4 years, and had sent money from there to india, is he liable to pay tax in india, while the money sent is after paying tax to US govt?
a person is residing in US from last 4 years, and had sent money from there to india, is he liable to pay tax in india, while the money sent is after paying tax to US govt?
04 September 2013
In which account he is sending money. Is it NRO account or regular account. If it is in NRO account then no tax is payable and the interest is also exempted from tax and no return is to be filed
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Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2013
No the money was transferred in Saving bank regular account.
1. Kindly suggest whether this money is to be mentioned against income of the person in ITR?
2. The amount which has been transferred is lent to someone in INDIA on interest.
a. Now the received interest is exempted or not?
a. If, No, Then if it is less then 2 lakhs (i.e.
exemption limit) whether ITR is to be filed?
Pointwise reply shall be greatly helpful.
1. Kindly suggest whether this money is to be mentioned against income of the person in ITR?
2. The amount which has been transferred is lent to someone in INDIA on interest.
a. Now the received interest is exempted or not?
a. If, No, Then if it is less then 2 lakhs (i.e.
exemption limit) whether ITR is to be filed?
Pointwise reply shall be greatly helpful.
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