1.

What Are The Filing Requirements In India For A Non Resident Indian?

Answer»

A nonresident assessee is liable to file Return of Income only if the taxable income in India in the relevant Financial Year (April —March) exceeds the basic exemption limit

HOWEVER, a Non Resident Indian (NRI) earning below mentioned income SHALL be liable to file returns in India, irrespective of their Total Income being less than the Basic Exemption limit.

  • Income from Short Term Capital Gains on equity shares or UNITS of equity oriented mutual fund.
  • Income from Long Term Capital Gains, which are chargeable to TAX.

A nonresident assessee is liable to file Return of Income only if the taxable income in India in the relevant Financial Year (April —March) exceeds the basic exemption limit

However, a Non Resident Indian (NRI) earning below mentioned income shall be liable to file returns in India, irrespective of their Total Income being less than the Basic Exemption limit.


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