Thank you for all the explanation, Sir. I have question if you can help me with it, I will very much appreciate it. I work abroad, but due to the pandemic I have been in India since March and working remotely for a company abroad, this means for the FY 2020/2021, I have overstayed the 182 days limit and am now a ROR. Does it mean I will have to pay taxes on my foreign source of income here in India and in the country I am contracted to work in, as well? My salaried account is foreign account, and I do not have any other source of income here in India. If I have to pay taxes in India on the foreign income, will it be for the whole FY or only for the part I over stayed after 182 days?
Thanks for nice explanation! May I know if Exempt Income schedule should be filled with foreign employment income while filing taxes in non-resident status?
Sir, Will the NRE fixed deposits interest is taxable after return to India and qualify for RNOR. Will banks change NRE fixed deposits status to RNOR status ? Or RNOR status is only for income tax purpose ?
Thank you for an excellent informative video; I have two queries: 1. One of the two conditions for categorizing a person as ROR is > 365 days of foreign stay within last 4 FYs (along with >60 days in current FY). What if the person (myself) has only gone out of the country say 2 years back, and is now working abroad as an NRI. Since I was working in India prior to that, my total days in India fo last 4 years will of course be >365, but with the caveat that I was NOT an NRI for half of this period. To reframe the query: Is the 4 years in this clause 4 years of NRI status or irrespective of when one became an NRI? 2. Within newly stated exceptions increasing the period from 60 days to 120 days, the first one is for people 'who went abroad for employment'. This statement is not clear. Is this referring to my situation where someone has only gone abroad for employment somewhere within this 4 year period?
Thanks for your query . I suggest you watch the video slowly once and try to understand . It looks like you are totally confused and I am also confused with your query . After watching the video once or twice again , if doubts persist in your mond - then send your query on my WhatsApp 00971 50 148 4595 . You are in which country ?
Very Informative video and very well explained Sir. Also the replies to views queries very well addressed. I am NRI for last 6 years , my question is when I remit money to my mother's saving account(mother is indian resident), does she need to pay or show this while filing her tax returns ? Thanks in advance.
She does not need to pay taxes against receipt of money . However consult a chartered accountant explaining him with clear information and be guided by his advice
Sir, In ITR2 where the foreign salary income is shown for an NRI. As its foreign income it wont be under taxable slab. But is there any section under which this foreign income is shown as exempt income. To showcase as income for future reference and if in case an NRI wants to avail loan facilities in India.? Will await for your reply. Thanks in advance
Very nice video .. continue doing good work ! Indian Govt has only one work to make law more complex & more litigation in nature , so they keep on earning
Dear Sir, Just for clarification, If any person stays in GULF area and if he lost job and need to move back to INDIA, by the time he stayed 185 days in financial year 2020-2021,in this situation whether his income will treated as NRI or resident with new tax as per new INDIAN laws. Thanks and appreciate your efforts and honest clarifications to NRI community.
Nice Video , I just want a clarification , If i am working in Saudi Arabia , i spend more than 240 days in a financial year in Saudi Arabia as an employee , my income is more than 15 Lakh in Saudi Arabia with no income from India , will i be taxed as per the new tax laws?
A British citizen born in India is categorised as NRI. What about his child British citizen born in UK does he also become NRI? What about his son born in UK? Does the NRI status cease at any stage?
Hi Sir. Two queries a) is deemed residency applicable for nri in jobs at middle east where there is no personal income tax b) is grandfathering benefit available for nri for ltcg. Thanks
I work in the US and stranded in India due to COVID. If i stayed more than 180 days, i assume I will be taxed in India. Is there a way to get an exemption.
Dear Mr . Rex Jesu There is a video by name QUARANTINE & LOCKDOWN IN INDIA- DOES IT AFFECT YOUR NRI STATUS ? dated May 16th on my you tube channel. Please watch it to get answers you are looking for . Thanks for your query . Please subscribe and share videos
@@NRIMoneyClinic Thank you for the prompt response Mr. Chandrakanth. Appreciate your efforts. Unfortunately, my problem is in the year 2020-21. So, as you said, i'll wait to hear from the govt.
Sir, I am an NRI for the last 13 years in US and returning to India next year. I haven't filed a India tax return for the last 13 years as I did not have any income in India. Will that affect my RNOR status when I return to India?
Thank you Sir for sharing valuable information. I have one query regarding filing IT Returns to file ITR 1 OR ITR 2 ? I moved to US in Dec 2015 and returned back to India in Jan 19th 2020. This means I stayed more than 60 days for FY 2019 -2020, but not 365 days in last 4 preceding years. After watching your video I understood that I fall under NRI. Correct me, if my assumption is wrong. I received indian salary for Jan, Feb and March 2020. So while filling what option ITR 1 OR ITR 2 should I choose? Thanks in advance for u answer.
Taxation is a domain knowledge of chartered accountants. Please consult a CA for proper guidance on the query . There could be finer points to consider . Please subscribe and keep sharing the videos
Mr. Bhat your video is very informative. You explain things in a very systematic and detailed manner. The Indian tax laws are totally unjustified as the Government does NOTHING to compensate the tax payers who honestly pay taxes. The Indian tax rates are on the same level as in Europe and the United States...but there is no social security...medical benefits and certainly no free educational assistance from the Government. The Government of India taxation department is nothing but a legal
Thank you sir, Sir I have doubt, I'm working in Singapore. I'm spend more than 240 days in year at Singapore. I'm sending money to my NRI savings account most of the time as well as my Indian savings account sometimes. My annual income is 10 lakhs. Now I have pay tax to india with new rules or whatever money I'm sending india either NRI ACCOUNT OR resident saving account is it tax free?
Based on your inputs , you are an NRI . Your income from Singapore is tax free . You can remit money to any Indian account as per your wish . As NRI you are supposed to close your SB account in India or convert the same tp NRO account . Please subscribe and share the videos with your friends
Dear Mr Shah, your question is a domain of Chartered accountants . I suggest consult a chartered accountant for final answer on this . Please subscribe and share the videos
Sir, I am an OCI card holder living in India since August, 2018 having no intention of going back to USA. Having spent more than 730 days in India, my question is can I still maintain NRE account as an OCI card holder in India when my Residency Status has changed for Tax purposes. I file taxes to IRS.. USa
It is same as that of debt funds of mutual funds . Please watch a video titled Mutual Fund Taxation For NRIs in our playlist NRI Taxation for detailed information on mutual fund taxation. Please subscribe and keep sharing the videos
Sir, Iam NRI with a capital gains of 25 lakh from indian mutual fund. My stay in india will be 110 days in current financial year. Will it affect my NRI status. Thanks
Thank you Mr Bhat for the highly informative presented thoroughly well. Can you please help me clarify my case - I have been abroad since Aug-2018 and will be back to India by Oct-2020 first week. My query is regarding the current FY2020-21. I understand that as per the latest budget, since my stay in India will be < 240 days, hence i will not be an NRI as per the 240 days clause. But from the current video, i understand that in the ROR category, i can utilize the clause of 60 days+(
Thank you very much for the prompt replies Sir. About the income what I meant was that if my Indian taxable income is greater than 15L, will that mean that for the NRI status my stay abroad needs to expand to 240 days or just 183?
I work in offshore. Due to covid and no flights i coudnt manage to complete 182 days outside india. I dont have any income in india. Do i need to pay tax on my forign income for this year ????
Is interest income from funds parked in NRE account is considered as taxable income under 15 lakh ceiling? Any income from NRE and NRO account is reported in USA and also income is taxed as foreign income in USA tax return as US citizen. Should this individual pay taxes in two countries?
Interest income from NRE account is tax free In India where as Interest income from NRO is taxable. Regarding taxation in two countries , double tax avoidance agreement DTAA provisions will apply . Please subscribe and keep sharing the videos
Sir Kindly advise do NRI need to pay tax on foreign income which has not been paid tax at income generating country? Money I receive in my NRE account and if yes then how to pay tax?
During the financial year 2019 to 2020 I stayed in India for 190 days. Rest of the days I was working abroad. I want to know is my income earned from abroad ( not India ) is taxable or not ?
Sir, Great and Clear explanation with written words(close captioning!)! I apprecate that! Some of us have difficulty getting mail from India and mail back IT forms, TDS by paper mail with signature in BLUE INK! Can I authorize my Charters Accountant to sign on my behalf and/ or give a Power of Attorney to represent me Legally in All income Tax matters! Please explain about Repatriation process!
Dear Sir The first time I came out of India. last 30 years I was a resident of India. Presently I am working in Dubai as an employee in a corporate hospital from March 2020. I have a residency visa from Dubai UAE. My Indian income in 2020-21 will be less than 15 lakhs rupees. 1)Minimum how many days I should stay in Dubai to get NRI status?
@@NRIMoneyClinic sir but last 4 years I was living in India and this financial year I am going to visit India for more than 60 days, still, I will get NRI status by staying in Dubai for just 183 days?
Dear sir, I live in Dubai & I didn’t stayed in India more than 30 days. I send a part of my salary to my family in india, which may be can more than tax slab approximate 11-12 lakhs per annum. Do I have to pay income tax to India?
Hello sir I am engineer. Now I am working in Ghana. My company send my salary in my Indian account (saving account). Total money is less than 10 lakhs. Should I pay tax. Thanks
Mostly No. Contact a competent chartered Accountant with full details of your case and be guided by his final opinion . Please subscribe and keep sharing the videos
Ekk questions tha , if someone earning in Saudi Arabia and coming back to India then is that income taxable, note: I am staying in india since childhood
Sir your video is nice and informative thanks I have a question? I filled my income tax for AY 20-21, in which the income tax dept. had to pay returns the sum of 30000 rupees because I lost my job and my income was below the tax slab, but as usual the organization deducted the tax. After my tax filled and I was waiting for the return but the I got a surprise that you did not pay tax in the financial year 2009-2010, so we adjusted your return for that year. But in 2009-2010 my income was very less and I paid the tax of nearly 2300/- and I have proof. What should I do kindly suggest me. Am I a fraud or the IT of India is fraud? I am jobless till now I struggling
Very sorry to hear this plight of yours . The correct way to handle this case would be to approach a chartered accountant and provide him all necessary inputs and he will solve your case . Go to a competent person. Please subscribe and keep sharing the videos
Poor fellows in the Govt. Dept. don't realize that we are in the list of countries with highest debt in the world and badly need of Foreign currency. New taxation on NRI's earnings will reduce the inflow of foreign currency.
If i stay in india for more than 120 days but less than 180 days witch of my followin incomes will be counted under more than 15 lac income. Nre saving and fixed deposit incomes. Mutual fund and share dividents Bought under Nre acc mutual fund and shares capital gains sold after one year which nre also taxed for the same. No salary or rent or any other income. Thanks.
I found this absolutely useful... I would recommend every NRI to subscribe to this channel. Is an Indian citizen who is US Greencard holder required to file income tax returns in India?
You need file tax return only if you have taxable income in India. Thank you very much for your kind words. Please subscribe and keep sharing the videos
@@raghunandanbhargava7935 dont declare any indian income in US taxes - Try to skip if it is not large sum ( above $2500 - anything above there are a way you can show them as non taxable in US).
You have asked to contact you on your what’s app number but when you are in office we are having night and when we are available you have night time. So if you could provide your email ID then we can forward our all concerns and seek clarification as you can reply at your leisure time.
Very depth of information of the changes of rules.
Thank you very much for your kind words
Thank you for all the explanation, Sir. I have question if you can help me with it, I will very much appreciate it. I work abroad, but due to the pandemic I have been in India since March and working remotely for a company abroad, this means for the FY 2020/2021, I have overstayed the 182 days limit and am now a ROR. Does it mean I will have to pay taxes on my foreign source of income here in India and in the country I am contracted to work in, as well? My salaried account is foreign account, and I do not have any other source of income here in India. If I have to pay taxes in India on the foreign income, will it be for the whole FY or only for the part I over stayed after 182 days?
A very informative channel.
Thank you so much for your kind words . Please subscribe and keep sharing the videos
Thanks for nice explanation!
May I know if Exempt Income schedule should be filled with foreign employment income while filing taxes in non-resident status?
Most likely not . I suggest you consult a Chartered Accountant in this matter before filing returns. Please subscribe and share videos
Sir,
Will the NRE fixed deposits interest is taxable after return to India and qualify for RNOR.
Will banks change NRE fixed deposits status to RNOR status ? Or RNOR status is only for income tax purpose ?
very nice infrmation.
Really useful information. Thanks
Glad it was helpful!. Thank You
Thank you for an excellent informative video; I have two queries:
1. One of the two conditions for categorizing a person as ROR is > 365 days of foreign stay within last 4 FYs (along with >60 days in current FY). What if the person (myself) has only gone out of the country say 2 years back, and is now working abroad as an NRI. Since I was working in India prior to that, my total days in India fo last 4 years will of course be >365, but with the caveat that I was NOT an NRI for half of this period. To reframe the query: Is the 4 years in this clause 4 years of NRI status or irrespective of when one became an NRI?
2. Within newly stated exceptions increasing the period from 60 days to 120 days, the first one is for people 'who went abroad for employment'. This statement is not clear. Is this referring to my situation where someone has only gone abroad for employment somewhere within this 4 year period?
Thanks for your query . I suggest you watch the video slowly once and try to understand . It looks like you are totally confused and I am also confused with your query . After watching the video once or twice again , if doubts persist in your mond - then send your query on my WhatsApp 00971 50 148 4595 . You are in which country ?
Very Informative video and very well explained Sir. Also the replies to views queries very well addressed. I am NRI for last 6 years , my question is when I remit money to my mother's saving account(mother is indian resident), does she need to pay or show this while filing her tax returns ? Thanks in advance.
She does not need to pay taxes against receipt of money . However consult a chartered accountant explaining him with clear information and be guided by his advice
@@NRIMoneyClinic thankyou Sir
Excellent presentation. Thanks
Sir,
In ITR2 where the foreign salary income is shown for an NRI. As its foreign income it wont be under taxable slab. But is there any section under which this foreign income is shown as exempt income. To showcase as income for future reference and if in case an NRI wants to avail loan facilities in India.? Will await for your reply. Thanks in advance
What about OCIs?
Very nice video .. continue doing good work ! Indian Govt has only one work to make law more complex & more litigation in nature , so they keep on earning
Please subscribe and keep sharing the videos
Which category of resident will an OCI card holder fall under?
I have same question. Please let me know.
Dear Sir, Just for clarification, If any person stays in GULF area and if he lost job and need to move back to INDIA, by the time he stayed 185 days in financial year 2020-2021,in this situation whether his income will treated as NRI or resident with new tax as per new INDIAN laws.
Thanks and appreciate your efforts and honest clarifications to NRI community.
He will be treated as NRI if he stays for more than 185 days outside India
Thanks for the clarification. Nicely presented.
Glad it was helpful! Please subscribe and keep sharing the videos
Nice Video , I just want a clarification , If i am working in Saudi Arabia , i spend more than 240 days in a financial year in Saudi Arabia as an employee , my income is more than 15 Lakh in Saudi Arabia with no income from India , will i be taxed as per the new tax laws?
No , You are not taxed in India . Subscribe and please share t with your friends .
For the calculation of no of days stay in India, if a salaried person comes for a visit to India on vacation of short trips - to be included or not?
Great, please post a video on expiration & renewal requirements of OCI Cards
Nice video...thank you very much...👍
Thank you . Please subscribe and share it with friends
Thanks
A British citizen born in India is categorised as NRI. What about his child British citizen born in UK does he also become NRI? What about his son born in UK? Does the NRI status cease at any stage?
They will be OCI ( overseas citizens of India )
@@NRIMoneyClinic Many many thanks Regards Rahul
Hi Sir. Two queries a) is deemed residency applicable for nri in jobs at middle east where there is no personal income tax b) is grandfathering benefit available for nri for ltcg. Thanks
Sir update is needed on the subject now especially in light of deemed resident for NRI
I work in the US and stranded in India due to COVID. If i stayed more than 180 days, i assume I will be taxed in India. Is there a way to get an exemption.
Dear Mr . Rex Jesu There is a video by name QUARANTINE & LOCKDOWN IN INDIA- DOES IT AFFECT YOUR NRI STATUS ? dated May 16th on my you tube channel. Please watch it to get answers you are looking for . Thanks for your query . Please subscribe and share videos
@@NRIMoneyClinic Thank you for the prompt response Mr. Chandrakanth. Appreciate your efforts. Unfortunately, my problem is in the year 2020-21. So, as you said, i'll wait to hear from the govt.
Sir, I am an NRI for the last 13 years in US and returning to India next year. I haven't filed a India tax return for the last 13 years as I did not have any income in India. Will that affect my RNOR status when I return to India?
No , that will not affect your RNOR status
@@NRIMoneyClinic Thank You
Thank you Sir for sharing valuable information.
I have one query regarding filing IT Returns to file ITR 1 OR ITR 2 ?
I moved to US in Dec 2015 and returned back to India in Jan 19th 2020. This means I stayed more than 60 days for FY 2019 -2020, but not 365 days in last 4 preceding years. After watching your video I understood that I fall under NRI. Correct me, if my assumption is wrong.
I received indian salary for Jan, Feb and March 2020. So while filling what option ITR 1 OR ITR 2 should I choose?
Thanks in advance for u answer.
Taxation is a domain knowledge of chartered accountants. Please consult a CA for proper guidance on the query . There could be finer points to consider . Please subscribe and keep sharing the videos
Mr. Bhat your video is very informative. You explain things in a very systematic and detailed manner. The Indian tax laws are totally unjustified as the Government does NOTHING to compensate the tax payers who honestly pay taxes. The Indian tax rates are on the same level as in Europe and the United States...but there is no social security...medical benefits and certainly no free educational assistance from the Government. The Government of India taxation department is nothing but a legal
...continued The Indian tax department is nothing but legal thugs.
Thanks Sir
Thank you sir, Sir I have doubt, I'm working in Singapore. I'm spend more than 240 days in year at Singapore. I'm sending money to my NRI savings account most of the time as well as my Indian savings account sometimes. My annual income is 10 lakhs. Now I have pay tax to india with new rules or whatever money I'm sending india either NRI ACCOUNT OR resident saving account is it tax free?
Based on your inputs , you are an NRI . Your income from Singapore is tax free . You can remit money to any Indian account as per your wish . As NRI you are supposed to close your SB account in India or convert the same tp NRO account . Please subscribe and share the videos with your friends
I returned to IND in 2018. How many years I am eligible to be RNOR
As am an NRI and my return are on my Investment is less the 2.5L per year which slab category is applicable for me?
Dear Mr Shah, your question is a domain of Chartered accountants . I suggest consult a chartered accountant for final answer on this . Please subscribe and share the videos
Sir, I am an OCI card holder living in India since August, 2018 having no intention of going back to USA. Having spent more than 730 days in India, my question is can I still maintain NRE account as an OCI card holder in India when my Residency Status has changed for Tax purposes. I file taxes to IRS.. USa
You can continue to have NRE account as long as you are OCI card holder and not a resident Indian .
Sir, thank you so much for your answer. You took the time to answer this question. God bless!
Thank you sir. May I know what is the baring on Indian Taxation, for people of Indian origin but lateron have gained citizenship of another country?
Amazing.... thankyou for posting this video...
You are welcome. Please subscribe and keep sharing the videos
Thank you
Can you please tell in your videos on NRE and NRO whether these two accounts are.to be held in INR or any foreign currency?
NRE and NRO accounts are INR accounts. For other currencies use FCNR account
How about seafarers sailing on foreign ships...because here only Indian ship is mentioned.
That is also covered under overseas employment category
Sir what is the taxation for liquid funds for nris?
It is same as that of debt funds of mutual funds . Please watch a video titled Mutual Fund Taxation For NRIs in our playlist NRI Taxation for detailed information on mutual fund taxation. Please subscribe and keep sharing the videos
Sir, Iam NRI with a capital gains of 25 lakh from indian mutual fund. My stay in india will be 110 days in current financial year. Will it affect my NRI status.
Thanks
No . Please subscribe and keep sharing the videos
@@NRIMoneyClinic thanks
Thank you Mr Bhat for the highly informative presented thoroughly well.
Can you please help me clarify my case - I have been abroad since Aug-2018 and will be back to India by Oct-2020 first week. My query is regarding the current FY2020-21.
I understand that as per the latest budget, since my stay in India will be < 240 days, hence i will not be an NRI as per the 240 days clause. But from the current video, i understand that in the ROR category, i can utilize the clause of 60 days+(
As per current laws you are a NRI if you go back to India post 2nd Oct after 183 days staying abroad in FY 2020-21
Thanks again but will the Indian income not matter in deciding that?
Sir, one more question if i can trouble you with please - Is 15L the taxable income or the gross income?
Your Indian income will be taxed in India irrespective of your NRI status . For taxation , what matters is taxable income , not gross income
Thank you very much for the prompt replies Sir. About the income what I meant was that if my Indian taxable income is greater than 15L, will that mean that for the NRI status my stay abroad needs to expand to 240 days or just 183?
They can invest full
I work in offshore. Due to covid and no flights i coudnt manage to complete 182 days outside india. I dont have any income in india. Do i need to pay tax on my forign income for this year ????
Sir pls make a video on taxation of mutual fund with example.
Will definitely do it on one of these days
Is interest income from funds parked in NRE account is considered as taxable income under 15 lakh ceiling? Any income from NRE and NRO account is reported in USA and also income is taxed as foreign income in USA tax return as US citizen. Should this individual pay taxes in two countries?
Interest income from NRE account is tax free In India where as Interest income from NRO is taxable. Regarding taxation in two countries , double tax avoidance agreement DTAA provisions will apply . Please subscribe and keep sharing the videos
Sir Kindly advise do NRI need to pay tax on foreign income which has not been paid tax at income generating country? Money I receive in my NRE account and if yes then how to pay tax?
During the financial year 2019 to 2020 I stayed in India for 190 days. Rest of the days I was working abroad. I want to know is my income earned from abroad ( not India ) is taxable or not ?
Sir, Great and Clear explanation with written words(close captioning!)! I apprecate
that! Some of us have difficulty getting mail from India and mail back IT forms, TDS by paper mail with signature in BLUE INK! Can I authorize my Charters Accountant to sign on my behalf and/ or give a Power of Attorney to represent me Legally in All income Tax matters! Please explain about Repatriation process!
Dear Sir
The first time I came out of India. last 30 years I was a resident of India. Presently I am working in Dubai as an employee in a corporate hospital from March 2020. I have a residency visa from Dubai UAE. My Indian income in 2020-21 will be less than 15 lakhs rupees.
1)Minimum how many days I should stay in Dubai to get NRI status?
183 days
@@NRIMoneyClinic sir but last 4 years I was living in India and this financial year I am going to visit India for more than 60 days, still, I will get NRI status by staying in Dubai for just 183 days?
Dear sir,
I live in Dubai & I didn’t stayed in India more than 30 days. I send a part of my salary to my family in india, which may be can more than tax slab approximate 11-12 lakhs per annum. Do I have to pay income tax to India?
You dont need to pay taxes on your remittance to India if you are a NRI . Please subscribe and keep sharing the videos
NRI Money Clinic Thanks for your reply sir, sure I’ll .
Hello sir
I am engineer. Now I am working in Ghana. My company send my salary in my Indian account (saving account). Total money is less than 10 lakhs.
Should I pay tax. Thanks
Mostly No. Contact a competent chartered Accountant with full details of your case and be guided by his final opinion . Please subscribe and keep sharing the videos
Can u advice if lic money back amount recieved once in 5 years, will it b taxed as income in a) india b) in usa where the assessee is an nri
Amount received from money back policies is tax free in India please subscribe and keep sharing the videos
Ekk questions tha , if someone earning in Saudi Arabia and coming back to India then is that income taxable, note: I am staying in india since childhood
No .. please subscribe and keep sharing the videos
@@NRIMoneyClinic thanks loy
a matter of money
Sir your video is nice and informative thanks
I have a question? I filled my income tax for AY 20-21, in which the income tax dept. had to pay returns the sum of 30000 rupees because I lost my job and my income was below the tax slab, but as usual the organization deducted the tax. After my tax filled and I was waiting for the return but the I got a surprise that you did not pay tax in the financial year 2009-2010, so we adjusted your return for that year. But in 2009-2010 my income was very less and I paid the tax of nearly 2300/- and I have proof. What should I do kindly suggest me. Am I a fraud or the IT of India is fraud? I am jobless till now I struggling
Very sorry to hear this plight of yours . The correct way to handle this case would be to approach a chartered accountant and provide him all necessary inputs and he will solve your case . Go to a competent person. Please subscribe and keep sharing the videos
Sir unable to send whatsapp message to u. Regards
Poor fellows in the Govt. Dept. don't realize that we are in the list of countries with highest debt in the world and badly need of Foreign currency. New taxation on NRI's earnings will reduce the inflow of foreign currency.
India has more forex than the money it owes to rest of the world . NRI s are not taxed extra. They are taxed at the same rate as rest of the Indians .
If i stay in india for more than 120 days but less than 180 days witch of my followin incomes will be counted under more than 15 lac income. Nre saving and fixed deposit incomes. Mutual fund and share dividents Bought under Nre acc mutual fund and shares capital gains sold after one year which nre also taxed for the same. No salary or rent or any other income. Thanks.
I found this absolutely useful... I would recommend every NRI to subscribe to this channel. Is an Indian citizen who is US Greencard holder required to file income tax returns in India?
You need file tax return only if you have taxable income in India. Thank you very much for your kind words. Please subscribe and keep sharing the videos
@@NRIMoneyClinic in US tax we declare our Indian income ( rental and interest)... even then is it necessary to file for returns
@@raghunandanbhargava7935 dont declare any indian income in US taxes - Try to skip if it is not large sum ( above $2500 - anything above there are a way you can show them as non taxable in US).
You have asked to contact you on your what’s app number but when you are in office we are having night and when we are available you have night time. So if you could provide your email ID then we can forward our all concerns and seek clarification as you can reply at your leisure time.