Do NRI need to file IT return? Even If they don't have Income In India| NRI Income Tax Return
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- Опубліковано 27 сер 2024
- #nri #incometaxreturn #aktassociates
Are you an NRI and Confused about whether to file an IT return or Give it a Pass, Watch this Most practical reason from an Expert CA Arun Tiwari
To consult regarding your Income Tax Return and get complete guidance directly with CA Arun Tiwari
Use the link below:-
rzp.io/l/akt-n...
Please Note:- “This is Paid to consult and you need to pay Nominal consulting Fees of Rs 2499/-, Which will be reduced from the final ITR handling fees.
So in Nutshell if you assign the Income Tax Return assignment to us, Consulting will become free”.
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For any query which involves personal data please send it to the below mentioned email id.
Contact No- 8080088288
email- cs@aktassociates.com
Kindly note “if the query requires some work-out or further study there will be some consulting fees, Which will be reduced from the final ITR handling fees.
So in Nutshell if you assign the Income Tax Return assignment to us, Consulting will become free”.
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For General Queries please post your queries in the Comment section
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As Interest on NRE deposits is tax exempt and Form 26 AS do not include the details of NRE deposits,
a) Is it proper on the part of banks to
show NRE deposits ,as time deposits in the SFT form (which includes deposits of NRO and NRE fixed deposits as TIme deposits)?
2. Income tax department will not
distinguish which is tax exempt b
and recently many NRIs got notice
submitted to income tax as NONFIlERS.?
3 Why the IT department will not modify the SFT to show NRE deposits clearly?
4 As per the CBDT circular instructions on guidelines , it is clearly mentioned that these tax exempt deposit details need not be mentioned in SFT, but banks treat all deposits as time deposits due to
lack of clarity.
5.As AIS /TIS are extension of Form 26:AS , why there is no clear directions issued to financial institutions on whether to submit details of NRE deposits and make mandatory to inform details of tax exemption duly mentioning the interest earned on NRE deposits, to
NRI customers in a specific format like formb16/16 A?
I am NRI and sold some RELIANCE STOCK IN 2022 and HDFC DEDUCTED tax and also got TDS certificate. Still I have to file tax return for 2022. I already paid capital gain tax in USA
You should File return to get the refund , However if total income is not more than 2.5 lakh or Refund amount not matter to you, you can skip filing return For more Information 📞 8080088288 or mail✉ us on cs@aktassociates.com
Good morning sir, I am an NRI living in Netherlands. I purchased a property in India by obtaining a housing loan in India. Do i have to file ITR?
No its not required if you don;t have any Income in India, However always better to consult a CA when in Doubt
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Hi
I have a question , I am currently staying in Uk working at IT on deputation for last 2years . My Indian salary gets converted to pound which I receive in Uk . Hence in India Form 16 shows no income. Now I have applied for a property in India and pay installment . Do I need to file a ITR 1 /3/4 ? Also how to make the source for the property
Your question is very complex. Better you contact our NRI desk at 8080088288 or email us at cs@aktassociates.com.
Our client support team will surely help you.
Thanks for video
Most welcome
What happens if we have never filed a tax return for more than 10 years and we want to do it now?
Hi. Did you get any answer for this. Pls help. I am trying to find too
@reetu and @vpss. If you guys find the answer. Do let me know too. 👍🏻
Any updates
Hi, I am an NRI from Germany. I have question regarding paying tax on indian investment in Germany. stocks capital gain tax in germany is 25% so under DTAA after paying STCG/LTCG 10/15 % in India rest 15/10 % respectively I need to pay here in Germany. So I am looking for an option to do Indian investment under some other entity like HUF/ company, so I don’t need to declare this entity here in Germany and no need to pay extra 15/10% tax in Germany. Can you please provide more Information on that ? Do you have idea about it ?
@deependrayadav6331 Contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
My friend's father was an NRI and filed his ITR regularly for decades. Now he is no more. In order to avoid Notices from the IT Department, how can my friend inform the IT Department that his father is no more ? Can he upload a copy of the Death Certificate ?
@@rangarajangovindarajan1716 Om Shanti 💐
Hello, I am an NRI holding NRE deposit accounts that generating 5-7 lacs interest income per annum. There is no other income generated apart from NRE deposits. as NRE deposit income is tax exempted, should I need to file ITR? please advise.
@sudhakarcowboy09
Although interest income from NRE deposits is tax-exempt, We always advise our clients to file ITR in India if their total income exceeds the basic exemption limit.
If you need more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com.
I have income above 3 lakhs in india for fy 202-23 and i have stayed full year in us for 2022-23. Do i need to file the return and also do i need to disclose US salary income also
If your income exceeds the threshold, you must file an ITR in India, even if you stayed abroad for the entire year. Additionally, you need to disclose your US salary.
If you wish to file an ITR contact our client support team @ 8080088288 or email us at cs@aktassociates.com.
Mera NRE bank account hai sbi mein.
Agar mein International exchange se crypto buy ya sale karta hun p2p se
To kya mujhe tds 1% katwana hoga aur kya mujhe 30%tax v dena hoga ?
Please suggest me the better option to invest in crypto as a NRI.
We request you to take consultation.
Kindly contact our client support for detail. @ 8080088288 or mail us on cs@aktassociates.com
सर मैं बेरोजगार हूं लेकिन मेरे पिता की सरकारी नौकरी है वह मुझे पैसे देते हैं और कहते हैं कि इसकी अपने खाते में fd कराओ ऐसे करके मेरे पोस्ट ऑफिस में आठ लाख की एफडी है क्या यह आगे चल कर मेरे लिए इनकम टैक्स डिपार्टमेंट से समस्या खड़ी कर सकता है
Koi dikkat nahi hogi
Please file ITR for FD interested
Sir aap ye 5 lakh mujhe de de . Taki aap ko koi problem nahi ho future me. 😅 you can mention in your itr its gift from father.
Sir your utube video is very informative. Thank you. I have a question. A property sold in 2016, deposited a cheque in my NRO account. I file tax every year With my CA. I have NO income or rents going into my bank account but I earn interest less than a 1 lac each year. Do I have file my tax? Pls advise
Yes, you need to file your tax returns annually if you have interest income and report the property sale from 2016. Consult CA Arun Tiwari for more information.📞 8080088288 ✉ cs@aktassociates
Hi Sir, I am Nri. I have filed ITR1 and not shown any capital gains thinking that tax is already deducted while selling the shares by broker. Now I got notice and I think I should file Itr2 for updating return. Can you pls help on this and howmuch you charge?
You can reach out to our team at 8080088288
i have income only from NRE dep and i put my wife as second or say 3 rd holder as i ahve son as well.. do they that is my wife or son have to fiel TAX return
We advise to consult on this issue For more info WhatsApp Client support @ 8080088288 or cs@aktassociates.com
Do I have to disclose my income outside India to income tax India while filling the ITR
No, NRIs do not have to disclose their income earned outside India while filing their income tax returns in India.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
@@AKTAssociatesOfficial I have consulated one CA and he says , I need to disclose the Earning outside of India.
When I asked the reason he said, when I return to India and start spending money , if income tax asks you from where did I get that money
I can say that , I have already declared in the ITR that I have this much of income outside India.
Hello Mr. Arun, Supposed the year in which I deal in Share/Equity, I need to file in ITR2 but what happened on the year when I didn't deal in any such Capital Gains. I need also to file ITR2 to be continued or ITR1 is okay?
Hi better to take help of a CA, wrong form filing amount to non filing if return
Will you please help in this .
Yes..ITR 1 is okay
Do US citizens who are OCI holders required to file tax returns if they have rent property, FD interest etc?
If there income in a Year Exceeds Rs 250000, Just Remember if you have short term or Long term Capital Gain this benefit will not be applicable to you.
Oci holder working in uk if rental income in India does not exceed 250000 do they have to declare that in uk and pay the taxes on it
I am working in Saudi Arabia since 10 years and there is no other sources of income from India do I need to submit IT return if so , do I need to submit all 10 years IT returns at once. Please let me know
Its always better to File NIL Return to avoid tax litigation,
@@AKTAssociatesOfficial Thanks
Hi last year i went to usa for employment in july...
I got salary for 6 months in India .. do i need to file itr ??
Yes, if you earned a salary in India during the financial year, you may need to file an ITR.
for more info contact our client support team @ 8080088288 or you can mail us on cs@aktassociates.com
Hello Sir, does DTAA applicable for ITR-U?
NO only additional tax liability can be shown
PLEASE ADVICE IF ANY TAX IS TO BE PAID IN INDIA , IF I HAVE ALREADY PAID TAX IN UK OR KENYA ACCORDING TO THE COUNTRIES LAW OF INCOME EARNED IN UK OR KENYA..IF AM HAVING NRE & NRO ACCOUNT DO I HAVE TO PAY TAX ON NRE FDS INTEREST EARNED, AS MY PASSPORT IS NOT OF INDIA, BUT HAVING OCI .IF AM LIVING MOSTLY IN INDIA FOR LAST 5 YEARS.AT YHE MOMENT I AM FILLING RETURNS.
Hi We need to first calculate your NRI Status than only a clear advise can be given, You can refer this video ua-cam.com/video/qyhpq07qDm0/v-deo.html, Or if you need to consult with CA Arun sir you can contact Client support @ 9699042660 for online consulting appointment
@@AKTAssociatesOfficial what about NRI s who are citizens of USA...???.? Usefull video 👍
@@advjagmohanmendiratta3899 If you have any income in India like rent, interest, than better to file return even it is not above taxable limit, Just to be sure, However if no income is earned, return filing not required
i am on h1b visa
sir do i need to file itr?
Yes you should file return
Hi sir i have taken a loan from Kuwait and transferred money to india do i have to pay tax ???
We request you to take consultation.
Kindly contact our client support for detail. @ 8080088288 or mail us on cs@aktassociates.com
If nri do not have any income India is it compulsory to file return
Not Compulsory but advisable, To avoid unnecessary hassles from tax department