NRI information


This query is : Resolved 

Quick Summary
This discussion clarifies whether Non-Resident Indians (NRIs) are required to declare shares in overseas companies when filing their Income Tax Return (ITR) in India. The consensus is that it is not mandatory to declare these shares, even if no dividends are received or the shares are not traded internationally, provided the foreign company has no business or base in India.

(Querist)
23 June 2023 if a NRI filing ITR has to declare stock shares in overseas company. Even if there is no dividend received nor is the foreign companies shares traded on international share markeThe foreign company does not do any business in India and has no base in India
Please suggest

23 June 2023 No, not mandatory.

VARUN DHIMAN (Querist)
24 June 2023 Thanks sir for reply.
Please mention section which you have followed
Regards
Varun Dhiman

24 June 2023 Refer:: https://incometaxindia.gov.in/pages/i-am/non-resident.aspx

VARUN DHIMAN (Querist)
25 June 2023 Thanks sir for your reply

25 June 2023 You are welcome.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
10 November 2026
Direct Tax Manager

CAAQ CONSULTANCY PVT LTD

New Delhi

CA Final

View Details
Company
13 November 2026
Charted Accountant - Fresher

Neeraj Bhagat & Co

New Delhi

CA Final

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
ARTICLESHIP 25 October 2026
Article Intern (CA Articleship)

Arpan Bohra & Co

Hyderabad

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
10 November 2026
FP&A Executive

Gujarat Guardian

Ankleshwar

CA Final

View Details