Itr to be filed by non-resident for ay2018-19

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Rajesh Kumar (Querist)
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21 July 2018 Hi All, a non-resident Indian wants to file ITR for AY 2018-19 to furnish income from let out property in India and loss from F&O trading under the head PBGP. Also, few deductions to be claimed under Chapter-VIA. Two queries: Which ITR form should be filed by the Non-Resident? Eligible to set-off loss against IFHP and claim deduction under Chapter-VIA? Please clarify.

suresh

suresh (Expert)
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21 July 2018 ITR 3 HAS TO BE FILED.
HE IS ELIGIBLE TO CLAIM SET OFF OF F & O. LOSS AGAINS IFHP BUT 44AD WILL BE APPLICABLE AND NEEDS TO GET ACCOUNTS AUDITED.
CNA CLAIM DEDUCTION UNDER CHEPT. VIA IF REST OF CONDITIONS ARE SATISFIED.