N.r.i. return

This query is : Resolved

SUBHASH JAIN (Querist)
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08 September 2012 DEAR ALL ,

IN THE CASE OF N.R.I. AT THE TIME OF INCOME TAX RETURN FILLING , THERE ARE NEED OF N.R.I.'S FOREIGN BANK DETAIL AND IMMOVABLE PROPERTY DETAIL.

IT IS URGENT , PLEASE.

PARDEEP KUMAR AGGARWAL

PARDEEP KUMAR AGGARWAL (Expert)
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09 September 2012 There is no need to mention any foreign bank details and immoveable property details while filing NRI return of income in India.

While filing plz calculate cautiously his/her status in India & accordingly tax liability should be calculated

SUBHASH JAIN

SUBHASH JAIN (Querist)
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09 September 2012 Thanks for your reply
But some one,s kopenion is that we have to mention foreiign bank account detail as per new ITR form

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SUBHASH JAIN

SUBHASH JAIN (Querist)
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09 September 2012 Thanks for your reply
But some one,s kopenion is that we have to mention foreiign bank account detail as per new ITR form

SUBHASH JAIN

SUBHASH JAIN (Querist)
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09 September 2012 Thanks for your reply
But some one,s kopenion is that we have to mention foreiign bank account detail as per new ITR form

CMA Nishad Patkar

CMA Nishad Patkar (Expert)
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09 September 2012 As Mr. Pardeep replied, You need not to mention the foreign bank Account details if your Residential Status was Non-Resident in Previous Financial Year, as Foreign income of non-resident is not taxable in India. Those details needs to be furnished by the person whose Status was Resident in previous FY. So don't worry of that schedule.