Hi,
Wanted certain clarificaitons regarding non-filing of ITR for NRIs.
There was cash deposit of more than 2 lacs during the demonisation period (FY 2016-17) and subsequently details were also provided in the "Cash Transactions 2016" window in the Income Tax India efiling website.
Further, the taxable income in India is less than the prescribed limit. Now, does the NRI need to file the income tax return for AY 2017-18?
Recently message was received from ITD-Compliance that ITR for AY 2017-18 has not been filed.
On the Income tax department compliance website, there are 2 options -
a) ITR has been filed
b) ITR has not been filed
Under ITR has not been filed, there are 2 more options -
1) Return under preparation
2) Not liable to file return
Should the response be done for "Not liable to file return" and mention the reason in the Remarks section or should ITR be filed by the NRI?
CAclubindia
