Deduction under 80TTA And 87A available for only resident not for NRI. ReplyNikhil Chudekar July 20, 2023 at 4:50 pm I am an NRI and I am filling ITR2, lastly one error comes as “In schedule SI, tax computed can not be null, if income is grater than zero.” how to clear ...
File your FY 2023-24 (AY 2024-25) Income Tax Returns online easily with Myitronline. Upload Form-16, check TDS, refund status. Trust us for tax solutions.
NRIs have a basic exemption limit like any resident Indvidual. For AY 2016-17(FY 2015-16) it’s 2.5 lakh. If NRI’s income exceed this limits, an NRI should file income tax returns in India. NRIs are taxed as per the tax rate and slabs prescribed for resident Indians below 60 yea...
Assessment Year: Income Tax return, ITR, is bound to an assessment year. For income earned in FY 2015-6 assessment year is AY 2016-17. Income Tax return forms(physical and excel) of AY 2016-17 and AY 2015-16 are different,. A revised return for the correct assessment year needs to b...
File your FY 2023-24 (AY 2024-25) Income Tax Returns online easily with Myitronline. Upload Form-16, check TDS, refund status. Trust us for tax solutions.
If property is bought from Non-Resident Indian (NRI) then section 194-IA will not be applicable butsection 195 will come into action. For NRI the limit of Rs 50 lakh is not applicable. If property is bought from NRI, TDS is required to be deducted at the rate of 20% plus Education ...