INCOME TAX RETURNS FOR NRI
NRI people earns income in different form like interest, Capital gains, And other investment income which are taxable at different scale and there are certain treaty which are there for avoidance of double taxation
NRI people earns income in different form like interest, Capital gains, And other investment income which are taxable at different scale and there are certain treaty which are there for avoidance of double taxation
Document Required
Copy of PAN
Statements of all bank accounts in India (including Joint Accounts)
Form 16 / Pension Certificate received
Form 16A received from Bank against TDS on Fixed deposits
Details of Investments made / Mediclaim (To claim Deduction or to lessen your tax burden)
Details of Other Income Earned in India
Details of Capital Gain (if you have purchased / sold an Indian Property)
Process Involved
DOCUMENTS
Receipt of the required documents
COMPUTATIO OF INCOME
Preparation of Computation of Income based on the information and documents provided
TAX PAYABLE
Calculation of Tax Payable and Payment of Taxes
PREPARATION OF RETURN
Filling of data in the ITR form
SUBMISSION OF RETURN
After ITR is being prepared the same is being submitted to Income Tax Site through XML schema and receiving Acknowledgement for the return filed.
Package Includes
Tax filing for NRI individuals
Tax Due/Refund Status and Filing Confirmation
Frequently Asked Questions
Filing of return is your duty and earns for you the dignity of consciously contributing to the development of the nation. Apart from this, your income-tax returns validate your credit worthiness before financial institutions and make it possible for you to access many financial benefits such as bank credits, etc.
Ans: The return of income can be filed with the Income-tax Department in any of the following modes.
• By furnishing the return in a paper form.
• By furnishing the return electronically under digital signature, i.e., e-filing with digital signature.
• By furnishing the return in a paper form.
• By furnishing the return electronically under digital signature, i.e., e-filing with digital signature.
Yes, if one could not file the return of income on or before the prescribed due date, then he can file a belated return. A belated return can be filed within a period of one year from the end of the assessment year or before completion of the assessment, whichever is earlier. Return filed after the prescribed due date is called as a belated return.