Income tax return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2018 Dear members, the query is regarding Income tax return for NRI.

I am working in Kuwait since last two year (Feb 2016) and my residential status changed to NRI, as i spend more then 182 days outside India For A/Y 2017 - 2018 (April 2016 to March 2017).

I do not have any income source in India. Do I need to file the ITR for A/Y 17- 18. If yes, which ITR form I need to use.

Please resolve the query at the earliest since the last date to file the return is March 31, 2018.

Thanks and regards,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

31 January 2018 No, no need to file ITR in India as you don't have any income in India.

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2018 Dear Seetharaman,

In case I need to apply for bank loan in the current year, they will require ITR of last three years. Will this be considered as default?

Upgrade to CAclubindia Pro. Subscribe Now!

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

31 January 2018 For bank loan show your foreign earning.