Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 August 2013
Pls helpme out regarding filing of income tax return of my uncle and whether he need to file return as per his status
His status as follows
He lives in Kuwait (out of india) doing his own business there
And he is having no income from india at all i.e. all foreign income but having bank , NRE a/c on which he is getting some interest around 10000-15000
And having land property in india
Staying In india for 4-5months in a year
So tel me whether he needs to file his income tax return though he dont have any indian income
His status as follows
He lives in Kuwait (out of india) doing his own business there
And he is having no income from india at all i.e. all foreign income but having bank , NRE a/c on which he is getting some interest around 10000-15000
And having land property in india
Staying In india for 4-5months in a year
So tel me whether he needs to file his income tax return though he dont have any indian income
19 August 2013
1. He DOES HAVE income TAXABLE in India in the form of Bank interest.
2. However, since the income is less than the TAXABLE LIMIT (Rs. 2 lakhs) + he DOES NOT have any other income taxable in India + he is a NON-RESIDENT in India, he is NOT required to file a return of income.
2. However, since the income is less than the TAXABLE LIMIT (Rs. 2 lakhs) + he DOES NOT have any other income taxable in India + he is a NON-RESIDENT in India, he is NOT required to file a return of income.
19 August 2013
Yes as per below observations
His residential status will be resident and ordinarily resident of India for financial year 2013-14 & has properties situated outside India (as per section 139)
His residential status will be resident and ordinarily resident of India for financial year 2013-14 & has properties situated outside India (as per section 139)
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