NRI - To file IT or Not?

yes NRI also has to file return of income which he/she earn from india

yes, he should

YES......... !   VIKRAM IS RIGHT.

Even if his income is below the taxable limit should the NRI file the return and if yes under what section or law?

If the NRI's taxable income is below the taxable limit, he needn't file a return of Income. I have not come across any section in the Income Tax Act, 1961.

Please correct me if Im wrong

Yes.... I agree with Aneesh's explanation...

if NRI has no income from india, should he file return india

please reply

IF NRI'S INCOME IS BELOW THE TAXABLE LIMIT AND TDS HAS BEEN DEDUCTED

he should file a return for refund..

IF NRI'S INCOME IS BELOW THE TAXABLE LIMIT AND NO TDS HAS BEEN DEDUCTED AS SUCH 

then no need to file the return...

Originally posted by : Tushar Lakhanpal
	IF NRI'S INCOME IS BELOW THE TAXABLE LIMIT AND TDS HAS BEEN DEDUCTED he should file a return for refund.. IF NRI'S INCOME IS BELOW THE TAXABLE LIMIT AND NO TDS HAS BEEN DEDUCTED AS SUCH  then no need to file the return...

Tushar's explanation is perfect.

Dear All,

NRIs are require to file Return of Income only if his his is charged with Tax i.e. Income is more than Basic Exemption Limit or his income is chargeable to special rate of tax (irrespective of Basic Exemption Limit)  eg. 111A, 112, 115AC and so on.

Exception to above, If the income is from Foreign exchange asset or income falling under section 115AC and so on and tax is deducted at appropriate rate, then in that case, NRIs are not require to file ROI

Plz refer attached file for more reference.

Regards

Juzer

hey anand thanks mate....

Since the total income is less than the maximum amount not chargeable to tax,would it not be sensible for the NRI to submit Form 15-G or 15-H (as the case maybe) so that NO tax is deducted at source?This way there would be no need to file a Return just to claim the refund,which may take several years to be realised.