When Should An NRI File Income Tax Returns In India ? By CA Sriram Rao

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  • เผยแพร่เมื่อ 22 ธ.ค. 2024

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  • @rishikeshns7394
    @rishikeshns7394 2 ปีที่แล้ว +9

    By far the best video about filing tax returns for NRI’s. Thank you for the detailed session 🙏

  • @velbond007
    @velbond007 3 ปีที่แล้ว +5

    Dr. Chandrakant is very clear. The way he repeat the things are very very clear and i like the way the interview goes. Lot of thanks to the Mr. Shriram and team. Complete income tax informations for NRIs in simple half hour video. Amazing.

  • @bharatdave9448
    @bharatdave9448 3 ปีที่แล้ว +27

    Dr Chandrakant and Mr Shriram, wonderful team. Very thorough explanations on different financial aspects for NRIs in very simple manners. Enjoy watching your diffraction episodes. Thanks.

  • @radhakrishnam252
    @radhakrishnam252 2 ปีที่แล้ว +2

    One of the best videos any NRI can benefit listening to fir their tax purposes.

  • @dhsanjay9999
    @dhsanjay9999 3 ปีที่แล้ว +4

    Fantastic Discussion - I appreciate the simpler language and the manner of presentation to the normal person. Very nice. First video of this series i watched.

  • @shivaiyr2004
    @shivaiyr2004 ปีที่แล้ว +2

    Excellent presentation. Your questions to Sriram with specific examples were brilliant. Great work.

  • @SuperClive82
    @SuperClive82 3 ปีที่แล้ว +8

    Thank You for the video. It really helped me to understand the taxation updates for NRIs .

  • @railfan5230
    @railfan5230 2 ปีที่แล้ว +2

    The breadth of this discussion covered all corners, Fantastic. Excellent questions and concise/precise answers. Thank you both for your time and expertise

  • @ronkappa
    @ronkappa 3 ปีที่แล้ว +12

    Extremely well explained sir. Salute to bothvu and Mr Sriram, both of you have been very explicit and intricate in ur advice, explaining via various scenarios. Helps us NRIs tremendously. Thank you. If I ever have an investment issue I'm sure I will come take your professional advice.

  • @adityasarma4425
    @adityasarma4425 2 ปีที่แล้ว +2

    Very useful presentation sir .Dhanyawad sri Rama Rao and ur revered channel.

  • @maheshnair208
    @maheshnair208 3 ปีที่แล้ว +16

    Sir, I really find this video very useful. I was desperately looking for these answers, thank you for bringing this up. Also pls could you make videos pertaining to:
    1. How does Mutual fund co. Deduct tax when we redeem our investments considering all the investments made are throguh NRE or NRO account for income earned outside India. Also what are our obligations on the tax. Can I get any refund on the tax if my overall tax liability is below 250k lacs
    2. While I invest for long period say 10 to 15 years and then I move to India, how should inwothdraw my investments. How will the tax structure behave if I redeem after I have moved to India
    2.

  • @lakshmikanthreddy9496
    @lakshmikanthreddy9496 ปีที่แล้ว +1

    Thanks for the nice video. The moderator has put enough effort to get many scenarios covered. Great work.

  • @shankymarine
    @shankymarine 2 ปีที่แล้ว +5

    Sir, please make such wonderful and self explanatory video for Seafarers who become NRI after 183 days. Please make such brief video. Thank you

  • @DeepakNayak-vg8vu
    @DeepakNayak-vg8vu 3 หลายเดือนก่อน

    Detail explanation in simple way. Repeating statements 2-3 times is a good way of teaching and making viewers to learn in a classroom. Keep up the great work and please do bring newer topics 👍

  • @kimsera123
    @kimsera123 3 ปีที่แล้ว +3

    Thanks for the video it gave light to many of the unclear topics.
    In furture can you cover the topic on,
    1. How can I NRI sell a property in India , things to consider. Taxation how to reduce tax
    2 . What should be done if he needs to take that money from a sold property out of the country to use in different country . Taxation point of view etc

  • @jayakumarramachandran733
    @jayakumarramachandran733 3 ปีที่แล้ว +1

    Both of you are genuine professionals and are making a great contributions to NRIs. Thank you
    Jayakumar (NRI), Singapore

  • @rajendranardekar1090
    @rajendranardekar1090 3 ปีที่แล้ว +5

    Most awaited discussion and clarification. Lot of people needed thIs information! Thank you.

  • @ganapathyiyersubramanysubr1268
    @ganapathyiyersubramanysubr1268 ปีที่แล้ว +1

    very useful talk on filing tax return for NRI. Very clearly explained. Thank you.

  • @pattabiramannarayanaswami7522
    @pattabiramannarayanaswami7522 3 ปีที่แล้ว +6

    Excellent presentation. What all doubts in my mind , has been cleared. Thanks a lot sir for such expert opinion done on our behalf

  • @RolandAlemaoFCCAUKCPACGA
    @RolandAlemaoFCCAUKCPACGA ปีที่แล้ว

    Wonderful presentation by Dr. C. Bhat and CA Sriram Rao. This technical information will help many NRI's.

  • @nikhilgujar
    @nikhilgujar 3 ปีที่แล้ว +21

    Excellent. Most countries have calendar year taxation, however, in India, we follow Mar to Apr. Thus Jan to Mar will be taxed in other country next year. This aspect needs to be addressed

    • @alokchakrabati
      @alokchakrabati 3 ปีที่แล้ว

      Excellent communication skill.

    • @hidayatullamulla1691
      @hidayatullamulla1691 2 ปีที่แล้ว

      Ki in

    • @Tam-hb7sm
      @Tam-hb7sm 5 หลายเดือนก่อน +1

      Calendar year wise tax credit is difficult to understand. Should NRI go by Indian financial year while reporting to make it simple?

    • @sharadamantravadi2208
      @sharadamantravadi2208 11 วันที่ผ่านมา

      Very well explained

  • @nagarajubhagavatula4072
    @nagarajubhagavatula4072 2 ปีที่แล้ว +1

    Narration about taxable income for NRI s and all relevant details are well explained in simple English and without any gossip.
    Thank you sir.
    I am subscribing your channel.

  • @jpbhartia1741
    @jpbhartia1741 3 ปีที่แล้ว +3

    In future videos please clarify the difference between residential status of an NRI , as determined by FEMA and INCOME TAX Act

    • @sriramrao2514
      @sriramrao2514 3 ปีที่แล้ว

      Information that you have asked in available in above video as well as below videos
      th-cam.com/video/pmc_WXBQ_f8/w-d-xo.html
      th-cam.com/video/pKQKwtwvUH4/w-d-xo.html
      th-cam.com/video/fDF2ZsFM-cM/w-d-xo.html

  • @Billionaireby2030
    @Billionaireby2030 10 หลายเดือนก่อน

    Im very fortunate to be a subscriber of this wonderdul channel. Thank you dr chandrakanth and our guest sriram

  • @TheAkilesh08
    @TheAkilesh08 3 ปีที่แล้ว +3

    Wonderful! Thank you so much for the clear information.

  • @KalyanKumar-dt2id
    @KalyanKumar-dt2id 8 หลายเดือนก่อน +1

    I cleared all my doubts and worries

  • @vimalkartoyle2108
    @vimalkartoyle2108 3 ปีที่แล้ว +4

    Thanks for the video, it was very informative. Appreciate if you would do a video covering all issues related to a NRI returning for good. What he should to as a first time tax filer. What will happen to his NRE FDs and the interest accruing after he has returned. How long can he maintain NRI status after returning.

    • @gatherer532
      @gatherer532 3 ปีที่แล้ว +1

      Hi ,I too have Same Query , Did you Got the answer, kindly Tell

    • @ihgamingfun6295
      @ihgamingfun6295 2 ปีที่แล้ว

      Yes, I have got👍🏼👍🏼

  • @cleopatracl6025
    @cleopatracl6025 2 ปีที่แล้ว +2

    Thank you so much! Such a fantastic video. Great information, very clearly laid out, brief and succinct. Can’t ask for more!

  • @MyLogic677
    @MyLogic677 3 ปีที่แล้ว +3

    Sir, What is the criteria to be able to declare as an NRI? How to convert your savings bank account in India to NRE and NRO when once one goes to abroad? Please guide.

    • @sriramrao2514
      @sriramrao2514 3 ปีที่แล้ว

      Conversion of savings bank a/c to NRO is governed as per your residential status under FEMA. Please check this video to understand how to determine one's residential status under FEMA.
      th-cam.com/video/pmc_WXBQ_f8/w-d-xo.html
      A simple instruction to your banker though an e-mail would suffice along with such other documents as required by the banker for conversion of resident account to NRO.

  • @valeriegodinho5647
    @valeriegodinho5647 2 ปีที่แล้ว +1

    Thank you Sir. You have explained it very clearly . You have done a great job!

  • @minisuresh1969
    @minisuresh1969 3 ปีที่แล้ว +4

    Thanks for the clarity 🙏🏻- I am an NRI and always had doubts whether I need to file ITR as my income accrued in India was less than 2.5 lakhs

    • @SSIdhu-yx6nj
      @SSIdhu-yx6nj 3 ปีที่แล้ว

      No need to file Return.

  • @sumitdesai9265
    @sumitdesai9265 7 หลายเดือนก่อน

    again, great video!!!! I have been seeing videos from this channel and it is always very very useful. A ton of thanks to both of you!!!

  • @mageshg6358
    @mageshg6358 3 ปีที่แล้ว +6

    24.00 to 27.00 is the most important part of this topic … Investing in shares with NRE money..

  • @joevarkey2199
    @joevarkey2199 3 ปีที่แล้ว +1

    Very informative with the simplest manner of imparting. Well done 🎉 Many Thanks 🌹

  • @baaalaa
    @baaalaa 3 ปีที่แล้ว +3

    Thank you discussing on this topic, well explained! Let's say my income from India is less than 2.5L, Is there any limit (should be less than RS 10k) to claim TDS deduced from NRO account ?

    • @sriramrao2514
      @sriramrao2514 3 ปีที่แล้ว +2

      No such limit for non-residents...

    • @baaalaa
      @baaalaa 3 ปีที่แล้ว

      @@sriramrao2514 Thank you for your reply! As per 80TTA only 10k is allowed to claim , since my income is less than 2.5L so I can claim TDS deduced from NRO account. Is my understanding correct ?

    • @sriramrao2514
      @sriramrao2514 3 ปีที่แล้ว +1

      @@baaalaa Yes..

  • @sajeevkumar6672
    @sajeevkumar6672 ปีที่แล้ว

    Thanks a lot Sir, this interview washout my all doubts ..super..

  • @rajeshsoman9393
    @rajeshsoman9393 3 ปีที่แล้ว +3

    Mr Sriram, thank you for the video. A quick question, I have invested in pension scheme with bank in India. The pension will start kicking in from this year. Since the pension is being paid in India do I consider this as part of my income in India?

    • @alex3fca
      @alex3fca 3 ปีที่แล้ว

      Yes. It will be part of Income.

    • @MmurariMmohan
      @MmurariMmohan 3 ปีที่แล้ว

      Similar question....I have invested in PPF....which will be matured in couple of years. Will it be taxable when matured. when I started I was resident but currently NRI

    • @rakeshroshan9721
      @rakeshroshan9721 3 ปีที่แล้ว +1

      @@MmurariMmohan PPF is tax exempt at all 3 points

  • @SuperHarish2009
    @SuperHarish2009 ปีที่แล้ว

    What a wonderful team! All aspects relating to the topic has been explained well and in simple terms. Thanks!

  • @ps2050
    @ps2050 3 ปีที่แล้ว +1

    Well researched video on doubts that an NRI faces - good content coverage !!

  • @karthikckrishna
    @karthikckrishna 7 วันที่ผ่านมา

    Crystal clear …. Thanks for enlightening

  • @shavis4811
    @shavis4811 3 ปีที่แล้ว +1

    Very clean , clear crisp explaination. Thank you so much!!

    • @NRIMoneyClinic
      @NRIMoneyClinic  3 ปีที่แล้ว

      Thank you very much for your kind words

  • @shamlinglimbhare
    @shamlinglimbhare 2 ปีที่แล้ว +1

    Thank You Sir both of you for clarifying all our doubts.

  • @sweet7ins118
    @sweet7ins118 2 ปีที่แล้ว +1

    Thank you for discussing this topic with detail explanation and examples. Really appreciated 🙏

  • @ankursharma6464
    @ankursharma6464 3 ปีที่แล้ว

    On of the best income tax discussion I have experienced so far. Many thanks

  • @lovelykumar445
    @lovelykumar445 3 ปีที่แล้ว +1

    Excellent video. Explained very clearly twice .very much helpful

  • @nanditachoudhury4979
    @nanditachoudhury4979 3 ปีที่แล้ว

    Thank you for this correct helpful information .Looking forward for more videos on NRI money .

  • @saranrajendran696
    @saranrajendran696 ปีที่แล้ว

    Wonderful explanation, all topics are covered, all my doubts are cleared, great. Worthy video

  • @amitkumarshah5521
    @amitkumarshah5521 ปีที่แล้ว

    Excellent explanation, thank YOU both Sirs! 🙏🙏

  • @mangaldesai5506
    @mangaldesai5506 3 ปีที่แล้ว +1

    Thanq for the guiding videos.

  • @richardbarnes4632
    @richardbarnes4632 2 ปีที่แล้ว

    Dr Chandrakant and Mr. Sriram very clear explanation

  • @parvatikarav2612
    @parvatikarav2612 3 ปีที่แล้ว

    Very clear and detiled info.
    Thank you Mr. Bhat and Mr. ShriRam.

  • @damuruga9777
    @damuruga9777 3 ปีที่แล้ว

    Very useful information
    I was a NRI retired on1st April 2021 during my NRE status every assessment year I am filling the tax returns to get back my TDS which detected by the way of capital gains taxes.

  • @fanpolitics6140
    @fanpolitics6140 ปีที่แล้ว

    Such nice presentation 👏🏽thankyou Dr bhat

  • @barasra8847
    @barasra8847 2 ปีที่แล้ว

    Sir, thanks good discussion, there are many deductions which goes in very detail. one is property maintenance deduction from rental income may be mentioned. thanks.

  • @murali3836
    @murali3836 9 หลายเดือนก่อน

    Excellent video presentation. Great knowledge sharing and guidance to NRI's

  • @sampathr2
    @sampathr2 3 ปีที่แล้ว

    Very very informative and useful about NRI and the IT act concerning their income. Tks for sharing

  • @jk-qg9cr
    @jk-qg9cr 3 ปีที่แล้ว

    Thank u very much for the video, it is very helpful for our NRI friends. We shall be happy to get such useful information

  • @BhaGeeSau
    @BhaGeeSau 3 ปีที่แล้ว

    Mr. Shriram... I've no more doubts. 😊
    Thanks Doc! 👍
    .

    • @NRIMoneyClinic
      @NRIMoneyClinic  3 ปีที่แล้ว

      Thank you very much for your kind words

  • @seshadrinathanrama2241
    @seshadrinathanrama2241 3 ปีที่แล้ว

    Superb..!! It is really very useful. All my questions are answered. Thank you so much for this discussion and clarifications.

  • @sumathyittekotpadickaparam4560
    @sumathyittekotpadickaparam4560 2 ปีที่แล้ว +1

    Very well explained tthnks to both of you

  • @donaldpinto
    @donaldpinto 3 หลายเดือนก่อน

    Invariably he explains it well 😊

  • @gedelasasibhushanarao3863
    @gedelasasibhushanarao3863 2 ปีที่แล้ว

    Excellent clarifications by way of examples to make the understanding of the subject

  • @shashikantpatel3746
    @shashikantpatel3746 3 ปีที่แล้ว +1

    VERY VERY GOOD PRESENTATION

  • @ilyas198105
    @ilyas198105 3 ปีที่แล้ว

    Thank you very much, I really appreciate it, the questions you asked, I felt are all from me.

  • @rajaramashenoy4065
    @rajaramashenoy4065 13 วันที่ผ่านมา

    Great subject and helpful to us NRIs. BTW, if income is far less than 2.5lakhs, it may be better to leave the TDS30.% with the Indian government rather than pay it abroad. After all we were given education etc. In India and I consider TDS as my small contribution to beloved India.

  • @MohitAgarwal-zt6xf
    @MohitAgarwal-zt6xf ปีที่แล้ว

    Thank you for clearing taxation related doubts 😊

  • @SubhashChandra-de3yd
    @SubhashChandra-de3yd ปีที่แล้ว

    Kindly clarify for OIC/PIO who is not a citizen of India but has income and property in India. Thanks to clarify in this session

    • @sriramrao2514
      @sriramrao2514 ปีที่แล้ว

      same rules would apply....

  • @msam9583
    @msam9583 ปีที่แล้ว

    Thank you for giving us the Great in depth information...indeed helpful.

  • @rohansivon
    @rohansivon 3 ปีที่แล้ว +1

    This is a very important topic and I believe you have covered all aspects of it.. thank you.

    • @sreedharanmenokey3488
      @sreedharanmenokey3488 3 ปีที่แล้ว

      You are very clear cent percent unambiguous
      Thank you for kind guidance

    • @NRIMoneyClinic
      @NRIMoneyClinic  3 ปีที่แล้ว

      Thank you for your kind words

  • @nathanjagan7283
    @nathanjagan7283 6 วันที่ผ่านมา

    What about pension accrued for service in Govt, Central …..?

  • @shantisarup2034
    @shantisarup2034 หลายเดือนก่อน +1

    What to do to transfer my pension income from my nro account in India to account in US .

  • @hchetri3847
    @hchetri3847 2 ปีที่แล้ว +1

    Thanks.. so clear!

  • @miliindkulkarnii929
    @miliindkulkarnii929 ปีที่แล้ว

    Really helpful..Thanks a lot Sir!!!

  • @nsn141914
    @nsn141914 3 ปีที่แล้ว +1

    Very clear explanation. 👌

  • @syedammarhusainrizvi7005
    @syedammarhusainrizvi7005 2 ปีที่แล้ว

    Really very nice discussion of both of you . Thanks

  • @serenitysound1990
    @serenitysound1990 2 ปีที่แล้ว

    The best video I ever seen. Thanks for making such a nice video.

  • @manickamsundaresan4609
    @manickamsundaresan4609 3 ปีที่แล้ว

    Very good program and much useful information. Thanks.

  • @jsalla
    @jsalla 6 หลายเดือนก่อน

    It's very useful info and clear.... Thank you

  • @goutamguhathakurta8219
    @goutamguhathakurta8219 5 หลายเดือนก่อน +1

    Re:- Bank account:- While filling ITR form, do we need to include NRE accounts also on top of NRO a/cs.your comments ,please. Thank you.

  • @georget44
    @georget44 3 ปีที่แล้ว

    Thank you, happy to know that LTCG/STCG tax deducted at source for sale of shares/dividends/redemption of MF is closing your Tax obligation and no need to file IT if no other income above 2.5lakhs are there.

    • @majeedkallarbe3086
      @majeedkallarbe3086 3 ปีที่แล้ว +1

      even though no need to file an income tax return but while redeeming units from a mutual fund; the AMC will deduct directly without looking whether it is below 1 lakh rupees or not; they will directly deduct TDS for whatever may be the gain;

  • @gopsln
    @gopsln 2 ปีที่แล้ว +1

    Thanks for the topic and the video. Even if interest income is less than 2.5 Lakhs, one way to get the taxes paid for this earned interest via TDS is to file income taxes. I think there is a declaration a NRI can make to the bank stating bank not to deduct TDS. Can you please clarify?

  • @ashavyas9697
    @ashavyas9697 3 ปีที่แล้ว

    Thanks for yr Advice for filing the return.But let me clear one thing for deduction. The Nri is also entitle to claim deduction under sec 80 C and
    80 TTB.

    • @sriramrao2514
      @sriramrao2514 3 ปีที่แล้ว

      Yes, they can… I didn’t deny that… the discussion in the video was something different… watch video fully…

  • @AeonMusicRecord
    @AeonMusicRecord 8 หลายเดือนก่อน

    Excellent channel 👍

  • @barasra8847
    @barasra8847 2 ปีที่แล้ว +1

    Sir thank you for the nice discussion, is OCI holders follow the same as NRIs or different rule applies?

  • @nathanjagan7283
    @nathanjagan7283 6 วันที่ผ่านมา

    An excellent presentation!

  • @jogroopsingh3841
    @jogroopsingh3841 3 ปีที่แล้ว

    You are the best. Thanks for the video

  • @DeepakNayak-vg8vu
    @DeepakNayak-vg8vu 3 หลายเดือนก่อน

    Can you please make a video on topic NRI/OCI purchasing Agro land in India.

  • @ideaminegroup1766
    @ideaminegroup1766 3 ปีที่แล้ว

    A video on tax form num for nri is useful … looking forward sir

  • @sivakkumarlatha
    @sivakkumarlatha 3 ปีที่แล้ว +1

    Awesome details. It is really an Eye-opener to the persons having taxable income of TDS but not filing Tax returns in India. Thanks for this useful video once again.

  • @6710rohit6710
    @6710rohit6710 3 ปีที่แล้ว

    Explained the topic with excellent clarity.

  • @Mannuvideos
    @Mannuvideos 3 ปีที่แล้ว

    Excellent presentation thanks for such knowledge

  • @RajuKumar-bi5xl
    @RajuKumar-bi5xl 2 ปีที่แล้ว

    Thanks for advice 🙏🙏🙏

  • @vinikrishna5813
    @vinikrishna5813 3 ปีที่แล้ว +1

    Thank you for your clarification

  • @sridhark1544
    @sridhark1544 ปีที่แล้ว

    Good clarity with examples well explained.

  • @gopalmadduri
    @gopalmadduri 3 ปีที่แล้ว +1

    Dr. Chandrakanth, I have a query for you and it would appear unusual for you. I hope you will be able to throw light on the topic. Many taxpaying seniors are living in foreign countries with their children or other relatives, particularly in USA. Though they are citizens of India and desire to remain as such, do they get NRI status since they could be away for more than 185 days. Next the IT Department website/portal is so badly made that it is not possible to file the return online from outside India. Please clarify and suggest a solution. If you don't mind it, my suggestion to you is regarding the use of 'criterion or criteria'. There is no such word as criteriaS. Thanks for the updates.

  • @aiyazahamed
    @aiyazahamed 3 ปีที่แล้ว

    Really very useful & good explanation.
    Thank you 👍👍👍

  • @rajiv1964
    @rajiv1964 ปีที่แล้ว

    I am surprised that example of TDS of 30% on 1 lakh interest is mentioned...for non-mandatory filing of return. Actually it would be mandatory because TDS is more than Rs. 25000.

    • @sriramrao2514
      @sriramrao2514 ปีที่แล้ว

      Mandate for filing return of income is not based on TDS, but based on aggregate taxable income... if excess TDS is deducted, its sensible to file return of income and claim refund.. but its not mandatory as per law...

  • @cakomalsadana
    @cakomalsadana 2 ปีที่แล้ว

    Quite impressive video. Thanks 😊 is the threshhold income still same now also for 2022

    • @sriramrao2514
      @sriramrao2514 2 ปีที่แล้ว +1

      Yes… moreover one point which was missed out is, if there is any nature of income which are taxable at specialty rate of taxes, say dividend, short or long term capital gains from shares/mutual funds, long term capital gains etc, then this limit of 2.5 lakhs also would not apply, as income would start getting taxed from Rs 1 itself and hence income tax returns should be filed anyway

    • @cakomalsadana
      @cakomalsadana 2 ปีที่แล้ว

      @@sriramrao2514 Understood , thanks

  • @piyushgaglani5255
    @piyushgaglani5255 2 ปีที่แล้ว

    Sir, your videos are like Geeta ji for us. Humble request to make them short and brief - it would be very helpful to take the points and maintain concentration

  • @dpsm2008
    @dpsm2008 2 ปีที่แล้ว

    Thanks for explanation !! Very informative video.