15 July 2018
I am an nri and has not filed returns for the FY 2014-15, 2015-16, 2016-17, however the tax return for the FY 2017-18 has been filed during June 2018. 1) Can i file late returns for the previous FY as stated above 2) Would there be penalty for late filing, if yes, what is the amount 3) I have TDS claim for the deduction on my NRO account though there is no other income except small interest on my NRO account approx INR.11000/- per annum. 4) During the FY 2018-19 i have rented out my 1BHK apartment in mumbai for annual rent of INR 240,000/- during July 2018 a) is the tenant required to deduct TDS , if yes what is the percentage. b) what deduction can be claimed while filing return during next year for the FY 2018-19.
ADDITIONAL INFORMATION: Other source of income are the dividends which are declared by the companies from time to time approx. which are tax exempted .
As i am paying premium Insurance INR.4K, Medical Insurance for my family approx. INR .17k, Home insuranace INR. 18K which can be used to claim deduction u/s 80
My overseas earning are tax free as the country where i am earning don't have income tax on employees.
Please advise on the above and guide on the Income tax details which i should be knowing.