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.
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...
Challenges NRI face while filing ITR The ITR filing for NRIs may seem complex, but you can tackle these challenges with the right approach. Challenge – The onus of calculating the days you spent in the previous five years to determine your residential status in India. Solution – To ...
Claim a foreign tax credit in your country of residence, as per the applicable tax laws of the resident country. For e.g. for claim of FTC in India, you need to file online Form 67 with the Income Tax Department. To understand more on applicability of FTC, pleaseclick here Claim your ...
Eligible Taxpayers for Filing ITR 2 Online AY 2024-25 The taxpayers who are eligible for filing the ITR-2 form are the persons whose source of income is as mentioned below: A resident having any asset located outside India or signing authority in any account. A non-resident or not-ordinary...
Complete this form in5 minutesor less Get form Got questions? We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us. Contact us Should NRI file ITR 1 or ITR 2?
Filed Under:Income Tax·Tagged With:Income Tax,ITR,MF,NRI PIO,Tips,ULIP [Read more...] Here are the top 15 income tax related articles from RaagVamdatt.com that would prove to be very useful while you prepare and file your income tax returns. …...
Sir, Please help me to select which ITR form should I file. I have income from salaries & other sources. In the relevant A.y. year my mother transferred her house property in my name by way of a Gift deed and the same is reflected in Form NO. 26 AS under SFT transaction....
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 ...
ITR Form ITR-1: SAHAJ For individuals with annual income below Rs. 50 Lakhs from salary or pension.Must have only one house property. ITR-2: Beyond Business Suitable for NRIs, Directors of Companies, and shareholders of private companies.If you have capital gains income, foreign income, or...