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NRI ITR online filing

WHAT IS INCOME TAX RETURN ?

Salaries taxpayers who are earning more than 5 Lakhs taxable income is mandatory for E-filing
of income tax return. You will have to compulsorily file individual return if you fall in the 5-10
Lakhs tax slab.
Income Tax return is required to be documented by 30th September every year. It is required for all the
corporate assesses & non-corporate assesses (like partnership firm, Proprietorship firm, association etc.)
whose accounts are required to be audited. For all other assesses due date is 31st July each year.
It is a document that will be E-Filing; the whole process of granting refunds
became easier for the government to carry out as all transactions get
stored in a central database. This way income allocation also becomes
more effective and transparent as does the development of the country.

NRI is required to file an Income tax return when he has any income that is accrued or has been
received in India.
Filing of NRI return is compulsory so as to avoid double taxation i.e. taxation in two countries or to claim tax
refund if your income is in the exemption limit (i.e. Rs.2,50,000).

Taxable Income of NRIs in India

If an NRI receives any kind of salary directly into an Indian account it is subject to taxation laws used in India.
Taxable income of NRIs in India can be judged by following ways :

Taxable Income can be Judged by Judging the residential status of a person in India

File your Foreign Income Return with LegalRaasta

Taxable Income for an NRI in India, are:

Income from Salary
Income From House Property

Income from other sources

Income From Business and Profession

Income From Capital Gain

Taxable Income

NRI Income Tax Plan @ 2799

Key Features of NRI Plan

Suitable for:
Indians working on-site (earning salary income outside india)
Indians having assets or bank accounts/ assets abroad

Foreign nationals earning salary/ owning assets in India

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