Agar April 1st week me bhar deta hu or fir Puri saal transaction karta hu to fir bo transaction kis me bharunga ,agar meri aay 2lakh se bhi Kam hai or income tax nhi bharta hu to kya hoga please reply,🙏🙏
Sir, I have dubai golden visa and I have bussines in Dubai. If i will come to India for 1 year then I need to pay tax to India gov. Or not while I don't do any job in India or I earn from only dubai bussines
Sir ager mere Ac me 20 lakh rupay h or tax pay kr diya or next year koi Fund add nhi kiya to kya dobra se 20 pe Tax bhrna pdega. Or ager 10 Lakh add kiye next year to tax 10 pe hoga ya overall 30 lakh pe hoga?
Tax is applicable on your income not the amount which you have in your account. However the interest from that account either in any form (FD/bank interest) is taxable income. On the other side, if the adding amount is your income, will be taxable.
Good Information, thank you, i have a question, I have not filed ITR for last 5 years and i was India for almost 11 months in last 5 years and i am getting dividends and intrest from savings bank account which is around 50k per year, also had some short term capital gains around 10 to 15k, will all of this amount still be taxable? And what should i do now? Will income tax automatically deduct the tax ? What is the process now?
Sir ager hamne 20 lakh ki income ki or usme se 18 lakh kharch kr diye end of financial year hamre account me 2 lakh bache h tab hame kitna tax bhrrnaa pdega.
Hello , Is student working ( after completion of education ) outside India taxable ? Which type of account is needed to be opened in India ? NRE or NRO ?? Thnxs
Sir me out of india kam korte Hai but I have a two accounts NRE or Saving. Mera saving account open kiya out of india ane se pehle. Mera saving account se India me invest, trade etc. Kor sakte and esse Jo profit and capital both India pe rohega permanent ease me tax ka rules bataye please
Aap jo situation describe kar rahe hain, usmein NRE aur saving account dono ka alag-alag role hai. NRI hone ke baad, aapke saving account ko NRO account mein convert karna zaroori hai, kyunki ek resident saving account ko NRI hone ke baad rakhna FEMA (Foreign Exchange Management Act) ke niyam ke khilaaf hai. Yaha par main aapko investments aur profits ke taxation ke rules samjhata hoon: --- 1. Saving Account Se Invest Aur Trade Karna Aap apne saving account ka use India me investments (stocks, mutual funds, real estate, etc.) aur trading ke liye kar sakte hain. Lekin, aapke saving account ko jaldi se jaldi NRO account mein convert karna chahiye. Agar aapka saving account active raha, toh FEMA ki violation ke karan penalty lag sakti hai. --- 2. Profit aur Capital Permanent India Mein Rehna Jo profits ya gains aap India me kamate hain (jaise stock trading ya real estate ka profit), unka taxation aapke residential status ke base par hota hai: Short-Term Capital Gains (STCG): Equity shares aur equity mutual funds par STCG (agar holding period 1 saal se kam hai) par 15% tax lagega. Baaki assets ke liye slab rate par tax lagega. Long-Term Capital Gains (LTCG): Equity aur equity mutual funds ke liye ₹1 lakh tak ke LTCG exempt hain; uske upar 10% tax lagega. Debt mutual funds aur real estate ke LTCG par indexation ke baad 20% tax lagega. Rental Income: Agar aap property rent dete hain, toh wo bhi taxable hai. Interest Income: NRO account ke interest par 30% TDS lagta hai, jabki NRE account ka interest tax-free hota hai. --- 3. Tax Filing in India Agar aapka taxable income India me hai, toh aapko Income Tax Return (ITR) file karna hoga. NRO account me aane wale paison par TDS katega, lekin agar aapka total taxable income basic exemption limit se kam hai (₹3 lakh for senior citizens, ₹2.5 lakh for others), toh aap refund claim kar sakte hain. --- 4. Important Compliance: NRE Account Use: NRE account ka paisa aap sirf India me tax-free investments ke liye use kar sakte hain (e.g., equity mutual funds, bonds). NRO Account Use: NRO account ka use India me earned income (rent, interest, capital gains) manage karne ke liye hota hai. --- Recommendation: 1. Apna saving account NRO account me convert karen. 2. Investments aur trading se jo bhi income ho, uska proper record rakh kar ITR file karen. 3. FEMA aur Income Tax laws ke compliance ke liye ek financial advisor se consult karna beneficial rahega.
Hi, In your slide " Who is Non-resident Indian" and in that first 3 points you have mentioned who are considered residents of India. Are these 3 points selective, means you are a resident if any one of the above points are fulfilled?? Where in the 3rd point says if the person has stayed for more then 365 days in last 4 years in India will remain as a resident. For example if a person is right now abroad from last 12 months but since he was in India for more then 365 days in India in last 4 years, remains a resident of india ? If yes for how long ?
Hi Sir, Thank you so much for sharing this information. It's very useful. I have one query. Can you please note the points below and reply to me: 1. I joined a company in the Middle East on 24.06.2024. 2. I was working from India remotely up to 25.09.2024 due to visa issues. And I fly on the 25th to the middle East I.e.on the 178th day. 3. Employer has credited my salary of July, august and September month in my savings account in India HDFC bank including basic salary and some joining bonus amounting approximately 20 lakhs. 4. Now I am planning, not to go India back till 31st March or may be for just 2 days in case of emergency since I have 4 days in hand as per 182 days rule. 4. Considering all this, do I need to pay tax in India on the 20 lakhs which I have earned . My employer is from Middle east. I was working remotely. If yes, how can i save tax? I am planning to buy flat in Mumbai. Will that save some tax if I completes the registration and opt for home loan? Thank you in advance. 🙏
The 182-day rule determines whether you are classified as a "resident" or "non-resident" in India. Since you have already spent 178 days in India (from April 1, 2024, to September 25, 2024), and plan not to exceed 182 days, you will likely qualify as a non-resident for tax purposes if you manage to stay out of India for the remainder of the financial year (except for a few days as an emergency). As a non-resident, you are only liable to pay tax on income earned or received in India, but not on global income. Although your employer is from the Middle East, your salary for July, August, and September was credited to your Indian bank account while you were still working remotely from India. This could be considered income received in India, and thus taxable in India under the Income Tax Act. The approximate ₹20 lakhs may be taxable since you were physically in India while performing the services and receiving the payment in your Indian account.
Sir Ager apne naam pe 15 ya 20 lakh ki FD kerte hi india me to uske interest pe tax lgta hi ya nhi or kya is FD ko apne father (senior citizen) ya family member ke naam pe ker skte hi plz. Really sir
Rental income for NRIs (Non-Resident Indians) is taxable in India according to special rates, not as per the slab rates applicable to resident individuals. Specifically, the rental income for NRIs is subject to a flat tax rate of 30% under the Income-tax Act, 1961. Additionally, a surcharge and health and education cess may apply as per the relevant provisions of the Finance Act.
Seafarer income is exempt from Indian income tax if: The individual qualifies as an NRI (as per the residency rules). The income is derived from services rendered outside India. The individual spends a certain minimum number of days (usually 182 days or more) outside India during the relevant financial year
@@CASumitSharma if seafarer completed nri days in fy. Income earned from India is less than 2.5 lakh. So I need to file ITR 2 nil return. Or no need file any return .kindly clarify
Seafarer having NRI status during this financial year and registered under GsT filing his professional fees i.e. foreign receipts under Export of services which ITR should be filed?
NRIs must pay advance tax if their total tax liability exceeds ₹10,000 in a financial year. Paying advance tax avoids interest penalties, eases financial burden, ensures compliance, and reduces year-end tax burden.
Sir mera friend dubai mai job kr Raha hai abhi woh 1 year mai 9-10 lakhs dubai sy apne india ke savings account mai aur family ke savings account mai paise bhej raha hai To sir kya usko yah uski family ko ITR file krne padegi yah nhi but sir usne 2-3 years ke bad 5-6 months holidays ke liye india ayega toh kya uske bad income tax return file krni padegi Aur agr itr ek bar file krdi toh har saal bharni padegi?
Income earned by NRIs working as seafarers (crew members on ships) is considered as income earned outside India if they meet certain conditions under the Indian Income Tax Act.
As soon as a returning NRI spends 182 days in India, he becomes a resident and has to pay taxes for US income in India. Lets say an NRI returns in August. If he has worked in USA until August, he is liable to pay taxes for the income earned from April to August in India for Indian FY (Apr-Mar). But some sources says no tax on foreign income in India for 3 years of returning to India, as he becomes RNOR upon return. Any comments on this ? thanks
The confusion arises due to the interplay between residential status under Indian income tax laws and the taxability of foreign income. Here's a detailed explanation: --- 1. Residential Status: An individual's residential status determines the scope of taxable income in India: Resident and Ordinarily Resident (ROR): Global income is taxable in India. Resident but Not Ordinarily Resident (RNOR): Only Indian-sourced income or income received/deemed to accrue in India is taxable; foreign income is exempt. Non-Resident (NR): Only Indian-sourced income is taxable. 2. RNOR Status for Returning NRIs: When an NRI returns to India, they may qualify as an RNOR for up to 2-3 years, provided they meet certain conditions: Condition 1: They have been a non-resident for 9 out of 10 preceding financial years. Condition 2: Their stay in India in the past 7 financial years was less than 729 days. If both conditions are met, the individual is treated as RNOR, and foreign income is not taxable in India during this period. --- 3. Taxability of Foreign Income: If RNOR: Foreign income earned while working abroad (e.g., salary in the US) is not taxable in India. Indian income (e.g., interest from Indian bank accounts, rental income, etc.) is taxable. If ROR: Global income becomes taxable in India, including income earned abroad (April to August in your example). However, relief under the Double Taxation Avoidance Agreement (DTAA) can be claimed to avoid double taxation. --- 4. Returning in August: For a financial year (April to March), if an NRI returns in August, their residential status depends on the number of days spent in India: If they spend 182 days or more, they may qualify as a resident. However: If they meet the RNOR conditions, foreign income remains exempt. If not, they become ROR, and global income is taxable. If they spend less than 182 days, they remain a non-resident, and foreign income is not taxable. --- 5. Three-Year Exemption Rule: The "3-year exemption on foreign income" is a simplified explanation of the RNOR benefit. In practice: RNOR status can apply for up to 2-3 years after return, depending on residential history. During this period, foreign income (including US income) is exempt. --- 6. Key Takeaways: If you qualify as RNOR upon return, your foreign income will remain tax-exempt in India for up to 3 years. Ensure you maintain proper documentation to substantiate your RNOR status. For ROR status, claim relief under DTAA to avoid double taxation.
Sir,NRE इंडिया में मकान खरीद सकता है? हा तो पेमेंट NRO or NRE किस account से करे? बाद में टैक्स रिटर्न फाइल करनी पड़ेगी? हा तो इनकम फॉरेन की बतानी पड़ेगी? पर वहातो रिटर्न फाइल की है। Please guide me it is most important for me
If no income in India, buying property by NRE income, is need to file IT Return? Payment of purchasing property from which saving account should be done NRE or NRO Please guide
1.Sir Forex k profit ka ager ham CA se tax bharvaye to vo legal income me convert kr dega na usko 2.Ham ak trusted CA kase hire kre apne forex k profit ko handle krne k liye. 3.kya ham Forex se 50 lac tk ka profit bi bank account me le skte h 1 month me. ???
Meri income less than 2.5 lakh (aprox 18000 in bank account interest) and Residential status of NRI (kya AY 2021-22 ITR-U File karna mandatory h??) kyuki mobile pr msg aya tha
If we have income outside India and have NRI Status in India, do we need to report such income and any foreign asset in income tax return? If yes, please let me know which form we should file.
Sir , am an NRE , and in last financial year I got income of 5 lac approx in India thru small small consultations ! Will this amount be taxable as when I show 5 lac it’s not showing taxable !! It’s not now interest amount but could say consultation through astrology and all !!
Good information
Thank you 😊
Mene aplication Kiya to bata raha hai ki india ki sbi account nro ho jayega aur Kuwait ka NRE account hoga esa hota hai kya
Great information ❤🎉
Thanks 😊
Very nice information ❤
Thanks
Very use full video
👍👍
Great
Thank you
What if NRI is a partner in PF then how & where to report the shared profit
Whether it is exempt?
Under Exempt income head
Sir jo income tax lagta h vo deposit money pe lgta h ya deposit or withdrawal ki transaction count kr k lgta h
Income pe
@@CASumitSharma upi se jo payment aati h vo income me count hoti h kya sir ??
Sir, konsi date se start hoga itr bharne ka 2024-2025 ka ? Sir.
1st week of April
@@CASumitSharma okkk sir
Agar April 1st week me bhar deta hu or fir Puri saal transaction karta hu to fir bo transaction kis me bharunga ,agar meri aay 2lakh se bhi Kam hai or income tax nhi bharta hu to kya hoga please reply,🙏🙏
Income below 250000
No tax
No ITR needed
Sir salary income of nri taxable if it is transfereed in india for saving purpose if not which itr form to be choose
Not earned in India
Ot received in India initially
Not taxable income india
@@CASumitSharma sir directly South Africa firm transferred salary nri wife account which is resident in India it is taxable or not
Sir, I have dubai golden visa and I have bussines in Dubai. If i will come to India for 1 year then I need to pay tax to India gov. Or not while I don't do any job in India or I earn from only dubai bussines
If no income in india then no tax
@CASumitSharma thanks sir
Thanks for the concise information
Happy to help ☺️
Sir ager mere Ac me 20 lakh rupay h or tax pay kr diya or next year koi Fund add nhi kiya to kya dobra se 20 pe Tax bhrna pdega.
Or ager 10 Lakh add kiye next year to tax 10 pe hoga ya overall 30 lakh pe hoga?
10 pe
1 income pe 2 bar tax nahi lagega
Tax is applicable on your income not the amount which you have in your account. However the interest from that account either in any form (FD/bank interest) is taxable income.
On the other side, if the adding amount is your income, will be taxable.
Sir riwaz.itr.kitane.dino.proses.hoti.he
Depend on department
Upi se jo money aati h vo income me count hoti h kya sir
Wo to aapko pata hoga
Sale hai
Service hai
Loan hai
Gift hai kya hai
Very nice information ji
Thanks ji
Good Information, thank you, i have a question, I have not filed ITR for last 5 years and i was India for almost 11 months in last 5 years and i am getting dividends and intrest from savings bank account which is around 50k per year, also had some short term capital gains around 10 to 15k, will all of this amount still be taxable? And what should i do now? Will income tax automatically deduct the tax ? What is the process now?
No tax
No ITR
UPTO 2,50,000 income
Hello Mr. CA sumit sharma please make a video in deatails how to fill ITR for seafarer NRI status .
Will try
In the ITR session
@CASumitSharma thank you I look forward to ur video
Sir ager dubai se 5Cr india me leke aaye to kya tax bharna pdegaa
If tax paid there already then no
Need to check DTAA
Thankyou so much Sir for the great information 🙏🙏🙏
Make other Nri related videos for investment and their taxes
Sure
Thanks for your feedback
Sir ager hamne 20 lakh ki income ki or usme se 18 lakh kharch kr diye end of financial year hamre account me 2 lakh bache h tab hame kitna tax bhrrnaa pdega.
Tax income pe Dena hoga
Kharcha kro na kro
Hello , Is student working ( after completion of education ) outside India taxable ? Which type of account is needed to be opened in India ? NRE or NRO ??
Thnxs
Not taxable in India
If tax paid and received outside
Sir me out of india kam korte Hai but I have a two accounts NRE or Saving. Mera saving account open kiya out of india ane se pehle. Mera saving account se India me invest, trade etc. Kor sakte and esse Jo profit and capital both India pe rohega permanent ease me tax ka rules bataye please
Aap jo situation describe kar rahe hain, usmein NRE aur saving account dono ka alag-alag role hai. NRI hone ke baad, aapke saving account ko NRO account mein convert karna zaroori hai, kyunki ek resident saving account ko NRI hone ke baad rakhna FEMA (Foreign Exchange Management Act) ke niyam ke khilaaf hai. Yaha par main aapko investments aur profits ke taxation ke rules samjhata hoon:
---
1. Saving Account Se Invest Aur Trade Karna
Aap apne saving account ka use India me investments (stocks, mutual funds, real estate, etc.) aur trading ke liye kar sakte hain.
Lekin, aapke saving account ko jaldi se jaldi NRO account mein convert karna chahiye. Agar aapka saving account active raha, toh FEMA ki violation ke karan penalty lag sakti hai.
---
2. Profit aur Capital Permanent India Mein Rehna
Jo profits ya gains aap India me kamate hain (jaise stock trading ya real estate ka profit), unka taxation aapke residential status ke base par hota hai:
Short-Term Capital Gains (STCG):
Equity shares aur equity mutual funds par STCG (agar holding period 1 saal se kam hai) par 15% tax lagega.
Baaki assets ke liye slab rate par tax lagega.
Long-Term Capital Gains (LTCG):
Equity aur equity mutual funds ke liye ₹1 lakh tak ke LTCG exempt hain; uske upar 10% tax lagega.
Debt mutual funds aur real estate ke LTCG par indexation ke baad 20% tax lagega.
Rental Income: Agar aap property rent dete hain, toh wo bhi taxable hai.
Interest Income: NRO account ke interest par 30% TDS lagta hai, jabki NRE account ka interest tax-free hota hai.
---
3. Tax Filing in India
Agar aapka taxable income India me hai, toh aapko Income Tax Return (ITR) file karna hoga.
NRO account me aane wale paison par TDS katega, lekin agar aapka total taxable income basic exemption limit se kam hai (₹3 lakh for senior citizens, ₹2.5 lakh for others), toh aap refund claim kar sakte hain.
---
4. Important Compliance:
NRE Account Use: NRE account ka paisa aap sirf India me tax-free investments ke liye use kar sakte hain (e.g., equity mutual funds, bonds).
NRO Account Use: NRO account ka use India me earned income (rent, interest, capital gains) manage karne ke liye hota hai.
---
Recommendation:
1. Apna saving account NRO account me convert karen.
2. Investments aur trading se jo bhi income ho, uska proper record rakh kar ITR file karen.
3. FEMA aur Income Tax laws ke compliance ke liye ek financial advisor se consult karna beneficial rahega.
Sir Forex income ko tax k liye kase show kre... Kya bol k tax pay kre ki pasie kaha se aaye
Depend nature of income
@@CASumitSharma means 🤔
I have some problem related with my ITR, I work in Europe. How I can contact you ?
You can take our professional services
8875042000
8875242000
Hi,
In your slide " Who is Non-resident Indian" and in that first 3 points you have mentioned who are considered residents of India.
Are these 3 points selective, means you are a resident if any one of the above points are fulfilled??
Where in the 3rd point says if the person has stayed for more then 365 days in last 4 years in India will remain as a resident. For example if a person is right now abroad from last 12 months but since he was in India for more then 365 days in India in last 4 years, remains a resident of india ? If yes for how long ?
It's either condition
Hi Sir,
Thank you so much for sharing this information. It's very useful. I have one query. Can you please note the points below and reply to me:
1. I joined a company in the Middle East on 24.06.2024.
2. I was working from India remotely up to 25.09.2024 due to visa issues. And I fly on the 25th to the middle East I.e.on the 178th day.
3. Employer has credited my salary of July, august and September month in my savings account in India HDFC bank including basic salary and some joining bonus amounting approximately 20 lakhs.
4. Now I am planning, not to go India back till 31st March or may be for just 2 days in case of emergency since I have 4 days in hand as per 182 days rule.
4. Considering all this, do I need to pay tax in India on the 20 lakhs which I have earned . My employer is from Middle east. I was working remotely. If yes, how can i save tax? I am planning to buy flat in Mumbai. Will that save some tax if I completes the registration and opt for home loan?
Thank you in advance. 🙏
The 182-day rule determines whether you are classified as a "resident" or "non-resident" in India. Since you have already spent 178 days in India (from April 1, 2024, to September 25, 2024), and plan not to exceed 182 days, you will likely qualify as a non-resident for tax purposes if you manage to stay out of India for the remainder of the financial year (except for a few days as an emergency).
As a non-resident, you are only liable to pay tax on income earned or received in India, but not on global income.
Although your employer is from the Middle East, your salary for July, August, and September was credited to your Indian bank account while you were still working remotely from India. This could be considered income received in India, and thus taxable in India under the Income Tax Act.
The approximate ₹20 lakhs may be taxable since you were physically in India while performing the services and receiving the payment in your Indian account.
Sir Ager apne naam pe 15 ya 20 lakh ki FD kerte hi india me to uske interest pe tax lgta hi ya nhi or kya is FD ko apne father (senior citizen) ya family member ke naam pe ker skte hi plz. Really sir
This interest and other income mila k taxable limit se cross krta hai to tax need to pay...
You can make FD in the name of your father
@CASumitSharma thanks sir 🙏
Hi Sumit, How rental income is taxed on rental income for NRI. is it flat 30% or based on tax slab
Rental income for NRIs (Non-Resident Indians) is taxable in India according to special rates, not as per the slab rates applicable to resident individuals. Specifically, the rental income for NRIs is subject to a flat tax rate of 30% under the Income-tax Act, 1961. Additionally, a surcharge and health and education cess may apply as per the relevant provisions of the Finance Act.
Sir kindly share nri rules regarding crew member
Seafarer income is exempt from Indian income tax if:
The individual qualifies as an NRI (as per the residency rules).
The income is derived from services rendered outside India.
The individual spends a certain minimum number of days (usually 182 days or more) outside India during the relevant financial year
@@CASumitSharma if seafarer completed nri days in fy. Income earned from India is less than 2.5 lakh. So I need to file ITR 2 nil return. Or no need file any return .kindly clarify
Seafarer having NRI status during this financial year and registered under GsT filing his professional fees i.e. foreign receipts under Export of services which ITR should be filed?
Benefit of advance tax is allowed only to resident seniors and not to nri,who are charged interest on tax.
NRIs must pay advance tax if their total tax liability exceeds ₹10,000 in a financial year.
Paying advance tax avoids interest penalties, eases financial burden, ensures compliance, and reduces year-end tax burden.
Is this for all income earned in India only???
Sir mera friend dubai mai job kr Raha hai abhi woh 1 year mai 9-10 lakhs dubai sy apne india ke savings account mai aur family ke savings account mai paise bhej raha hai
To sir kya usko yah uski family ko ITR file krne padegi yah nhi but sir usne 2-3 years ke bad 5-6 months holidays ke liye india ayega toh kya uske bad income tax return file krni padegi
Aur agr itr ek bar file krdi toh har saal bharni padegi?
Nahi krni
But Ghar walo k account me transaction justify krne k liye unki bhar sakte hai..
1 baar bhar di to har saal bharna not mandatory
sir kindly share nri seafarer rules
Income earned by NRIs working as seafarers (crew members on ships) is considered as income earned outside India if they meet certain conditions under the Indian Income Tax Act.
As soon as a returning NRI spends 182 days in India, he becomes a resident and has to pay taxes for US income in India. Lets say an NRI returns in August. If he has worked in USA until August, he is liable to pay taxes for the income earned from April to August in India for Indian FY (Apr-Mar). But some sources says no tax on foreign income in India for 3 years of returning to India, as he becomes RNOR upon return. Any comments on this ? thanks
The confusion arises due to the interplay between residential status under Indian income tax laws and the taxability of foreign income. Here's a detailed explanation:
---
1. Residential Status:
An individual's residential status determines the scope of taxable income in India:
Resident and Ordinarily Resident (ROR): Global income is taxable in India.
Resident but Not Ordinarily Resident (RNOR): Only Indian-sourced income or income received/deemed to accrue in India is taxable; foreign income is exempt.
Non-Resident (NR): Only Indian-sourced income is taxable.
2. RNOR Status for Returning NRIs:
When an NRI returns to India, they may qualify as an RNOR for up to 2-3 years, provided they meet certain conditions:
Condition 1: They have been a non-resident for 9 out of 10 preceding financial years.
Condition 2: Their stay in India in the past 7 financial years was less than 729 days. If both conditions are met, the individual is treated as RNOR, and foreign income is not taxable in India during this period.
---
3. Taxability of Foreign Income:
If RNOR:
Foreign income earned while working abroad (e.g., salary in the US) is not taxable in India.
Indian income (e.g., interest from Indian bank accounts, rental income, etc.) is taxable.
If ROR:
Global income becomes taxable in India, including income earned abroad (April to August in your example).
However, relief under the Double Taxation Avoidance Agreement (DTAA) can be claimed to avoid double taxation.
---
4. Returning in August:
For a financial year (April to March), if an NRI returns in August, their residential status depends on the number of days spent in India:
If they spend 182 days or more, they may qualify as a resident. However:
If they meet the RNOR conditions, foreign income remains exempt.
If not, they become ROR, and global income is taxable.
If they spend less than 182 days, they remain a non-resident, and foreign income is not taxable.
---
5. Three-Year Exemption Rule:
The "3-year exemption on foreign income" is a simplified explanation of the RNOR benefit. In practice:
RNOR status can apply for up to 2-3 years after return, depending on residential history.
During this period, foreign income (including US income) is exempt.
---
6. Key Takeaways:
If you qualify as RNOR upon return, your foreign income will remain tax-exempt in India for up to 3 years.
Ensure you maintain proper documentation to substantiate your RNOR status.
For ROR status, claim relief under DTAA to avoid double taxation.
Merchant navy k kaise hoga foreign ship mein huun ,aur nre account fd interest tax free kaise hoga
Depend bank type
Sir,NRE इंडिया में मकान खरीद सकता है?
हा तो पेमेंट NRO or NRE किस account से करे? बाद में टैक्स रिटर्न फाइल करनी पड़ेगी?
हा तो इनकम फॉरेन की बतानी पड़ेगी? पर वहातो रिटर्न फाइल की है।
Please guide me it is most important for me
Yes property can be bought
ITR filing mandatory if Income cross 250000
No tax need to pay of foreign income
If no income in India, buying property by NRE income, is need to file IT Return?
Payment of purchasing property from which saving account should be done
NRE or NRO
Please guide
@@CASumitSharmaif transfered amount from nre nro to Indian own saving account it will be taxable?
I am an NRI. I have dividend income only, and 20% tax is deducted when I receive the dividend. Can I claim this amount by filing returns?
Yes
If income below 250000
Hi.....pls share the tax slab for NRO accounts .specifically income earned from FDs.
Same 2.5 lakh in old
3 lakh In new tax regime
N . R . I tax kysa katta hai
Video coming soon
I am NRI and have a NRO account.
I have earned Rs. Ten thousand interest in my NRO AC do I have to file taxes in india
No
1.Sir Forex k profit ka ager ham CA se tax bharvaye to vo legal income me convert kr dega na usko
2.Ham ak trusted CA kase hire kre apne forex k profit ko handle krne k liye.
3.kya ham Forex se 50 lac tk ka profit bi bank account me le skte h 1 month me.
???
1. Yes
2 You can can find ca in your City
3.yes if taxes paid
Meri income less than 2.5 lakh (aprox 18000 in bank account interest) and Residential status of NRI (kya AY 2021-22 ITR-U File karna mandatory h??) kyuki mobile pr msg aya tha
Not mandatory
If we have income outside India and have NRI Status in India, do we need to report such income and any foreign asset in income tax return? If yes, please let me know which form we should file.
Asset need to mention in ITR 2
Is it mandatory for NRI to disclose asset details in itr?
Yes
Nri account open karna padega???
@@Bhojpuriyainqataryes
Sir ager Personal CA hire krte h account handle krne k liye kitna charge leta h monthly ya yearly
Depend kya work hai
Kitna work hai
CA ka experience kitna hai
Konsi city se hai..
Work me complexity kitni hai
Requirements kya hai
Etc
@@CASumitSharma work to bs forex tax bhrna ye hii h
Hi sir, in the new tax regime is NRI allowed to claim deduction under sec 80D for health medical insurance premium paid? pls advise, thanks
No
Thodi or detail video banaye
Will try
What is your specific issue
Sir , am an NRE , and in last financial year I got income of 5 lac approx in India thru small small consultations ! Will this amount be taxable as when I show 5 lac it’s not showing taxable !! It’s not now interest amount but could say consultation through astrology and all !!
Tax is need to pay after basic exemptions limit
Sir I want your contact info
You can take our professional services
8875042000
8875242000
Thanks for this informative video , dear sumit can you share your contact details, i want to call to for advise on above subject
We will be happy to Provide you our professional services
8875042000 (Call & WhatsApp)
8875242000 (Calling)
9694842000 (Calling)
casharma12@gmail.com