ITR form for NRI having house property
Divya Priya (student) (333 Points)
22 February 2020
NRI buys one house property this year above 50Lakhs . In which ITR it should be filed?
2 Replies
CA Piyush Agarwal
(CHARTERED ACCOUNTANT)
(1499 Points)
Replied 23 February 2020
Yess if taxable income exceed basic exemption limit
Varun Krishnan (Toretto)
(43 Points)
Replied 01 March 2020
To the best of my knowledge, itr need not be filed just because they are a nri and bought property more than 50 Lacs. however you need to disclose it properly in returns applicable since property value more than 50 Lacs and also if nri has taxable income he needs to file itr 2 or whatever applies to them. experts can correct me if there is any error.
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