what is the income tax return form for an NRI having just interest income in india?
CA Lovenish Bansal
(JOB)
(343 Points)
Replied 02 June 2009
There is no other ITR form is specified. If assessee has only Interest income ITR-1 will be filed. if assessee is non-resident then that column will be ticked.
Abansal
( Manager)
(121 Points)
Replied 02 June 2009
thanks kathik and lovenish, but ITR 2 also seeme suitable , what ITR 1, i am confused
Karthik
(C A Student)
(219 Points)
Replied 02 June 2009
See Aashima, a person having only interest income and salary/pension/family pension
will have to use ITR 1 !!
Karthik
(C A Student)
(219 Points)
Replied 02 June 2009
And forms are also classified on their simplicity and applications....its like you can't put salary income under the head income from business/profession right ???
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 02 June 2009
Form ITR 1 is applicable for this case
He may even authorize any person to sign the return on his behalf as authorized representative.
A useful development in the recent years is the facility of online/e-filing of returns which helps timely filing. However, if he does not have a digital signature, he will have to adopt a combination of e-filing and physical submission of the return filed online within 15 days of e-filing.
Thanks
:-)
nitu dubey
(Trainee)
(25 Points)
Replied 14 August 2012
is a person resident outside india for more than a year required to file ITR in india, if he has earned zero income in india?
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India