Need A Financial Product Forums NRI money matters When should an NRI (Non-Resident Indian) file IT returns in India?

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  • #47386
    samkapoor77
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    When should an NRI (Non-Resident Indian) file IT returns in India?

    #47387
    Sameer Kapoor
    Participant

    An individual, who is an NRI, can file his/her income tax returns in India if they any one of the following conditions: The taxable income in India during a year was above the basic tax exemption limit, i.e., Rs. 2 lakhs If one has earned short-term or long-term capital gains from the sale of any investments or assets, though even if the gains made are less than the basic exemption limit at that time. When one needs to claim refund for Tax deducted at Source (TDS) which has been deducted more than the actual tax liability.

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