Itr for nri
This query is : Resolved
20 April 2019
SIR I have a small question . if any person resides outside india for job purpose & he sends every month money in his home. now he decide starting a new retail business in India &also doing his own job in outside india. So sir when he sends money in India he tax paid in that country. my question is that moneyhow to show in ITR file ?? Please guide me. Regards Anirban Chatterjee
21 April 2019
Show it in exempt income schedule.
22 April 2019
Since you are not a indian resident as per income tax act, your income from salary shall not be taxed in India. You can show the amount remitted to India as capital receipts in the balance sheet of the Business. Your Business Income shall be taxable in India.
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