When Should An NRI File Income Tax Returns In India ? By CA Sriram Rao
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- เผยแพร่เมื่อ 20 พ.ย. 2024
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By far the best video about filing tax returns for NRI’s. Thank you for the detailed session 🙏
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.
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.
One of the best videos any NRI can benefit listening to fir their tax purposes.
Sir, please make such wonderful and self explanatory video for Seafarers who become NRI after 183 days. Please make such brief video. Thank you
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.
Thank You for the video. It really helped me to understand the taxation updates for NRIs .
very useful talk on filing tax return for NRI. Very clearly explained. Thank you.
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.
Excellent presentation. Your questions to Sriram with specific examples were brilliant. Great work.
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.
Both of you are genuine professionals and are making a great contributions to NRIs. Thank you
Jayakumar (NRI), Singapore
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
The breadth of this discussion covered all corners, Fantastic. Excellent questions and concise/precise answers. Thank you both for your time and expertise
24.00 to 27.00 is the most important part of this topic … Investing in shares with NRE money..
Wonderful presentation by Dr. C. Bhat and CA Sriram Rao. This technical information will help many NRI's.
Most awaited discussion and clarification. Lot of people needed thIs information! Thank you.
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.
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
Excellent communication skill.
Ki in
Calendar year wise tax credit is difficult to understand. Should NRI go by Indian financial year while reporting to make it simple?
Very useful presentation sir .Dhanyawad sri Rama Rao and ur revered channel.
Excellent presentation. What all doubts in my mind , has been cleared. Thanks a lot sir for such expert opinion done on our behalf
Thanks for the nice video. The moderator has put enough effort to get many scenarios covered. Great work.
In future videos please clarify the difference between residential status of an NRI , as determined by FEMA and INCOME TAX Act
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
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 👍
Wonderful! Thank you so much for the clear information.
Im very fortunate to be a subscriber of this wonderdul channel. Thank you dr chandrakanth and our guest sriram
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
No need to file Return.
Well researched video on doubts that an NRI faces - good content coverage !!
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.
Hi ,I too have Same Query , Did you Got the answer, kindly Tell
Yes, I have got👍🏼👍🏼
Thank you Sir. You have explained it very clearly . You have done a great job!
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.
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.
Thank you so much! Such a fantastic video. Great information, very clearly laid out, brief and succinct. Can’t ask for more!
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 ?
No such limit for non-residents...
@@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 ?
@@baaalaa Yes..
Very clean , clear crisp explaination. Thank you so much!!
Thank you very much for your kind words
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?
Yes. It will be part of Income.
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
@@MmurariMmohan PPF is tax exempt at all 3 points
Dr Chandrakant and Mr. Sriram very clear explanation
Very informative with the simplest manner of imparting. Well done 🎉 Many Thanks 🌹
On of the best income tax discussion I have experienced so far. Many thanks
Thank you for discussing this topic with detail explanation and examples. Really appreciated 🙏
Excellent video. Explained very clearly twice .very much helpful
I cleared all my doubts and worries
What a wonderful team! All aspects relating to the topic has been explained well and in simple terms. Thanks!
Thank you for this correct helpful information .Looking forward for more videos on NRI money .
Mr. Shriram... I've no more doubts. 😊
Thanks Doc! 👍
.
Thank you very much for your kind words
Thank You Sir both of you for clarifying all our doubts.
The tax office must be told about any foreign income if they take it out of India.Honesty
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.
Wonderful explanation, all topics are covered, all my doubts are cleared, great. Worthy video
Excellent video presentation. Great knowledge sharing and guidance to NRI's
Very clear and detiled info.
Thank you Mr. Bhat and Mr. ShriRam.
Thanks a lot Sir, this interview washout my all doubts ..super..
Very very informative and useful about NRI and the IT act concerning their income. Tks for sharing
Thank u very much for the video, it is very helpful for our NRI friends. We shall be happy to get such useful information
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!!!
Thanq for the guiding videos.
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.
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;
I never know, when this GOI will become mature as they kept 2.5 lakh limit for many years and every year inflation is up nearly 10%. Automatically this limit should increase by 10% every year. GOD BLESS FM.
very nice bhat sir and rao sir
Very well explained tthnks to both of you
This is a very important topic and I believe you have covered all aspects of it.. thank you.
You are very clear cent percent unambiguous
Thank you for kind guidance
Thank you for your kind words
Superb..!! It is really very useful. All my questions are answered. Thank you so much for this discussion and clarifications.
VERY VERY GOOD PRESENTATION
Thank you for your clear explanation of the tax applicability to NRIs.
Excellent explanation, thank YOU both Sirs! 🙏🙏
Excellent presentation about NRI taxation.
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.
77
Excellent clarifications by way of examples to make the understanding of the subject
A LUCID, EXPONENTIAL NARRATIVE ON NRI RELATED ISSUES REGARDING TAX RETURNS!
THANKS FOR TRANSPARENT, UNAMBIGUOUS VIEWS.
Thanks.. so clear!
Very clear explanation. 👌
Thank you sir for guiding the return of income for NRI
This young gentleman is so smart
Such nice presentation 👏🏽thankyou Dr bhat
NRE Interest is Tax Free u/s 10(4) of IT Act, however while filing return one should declare the NRE Interest as Exempt Income (EI) in Schedule EI of ITR form.
Very good program and much useful information. Thanks.
Really very nice discussion of both of you . Thanks
Explained the topic with excellent clarity.
The best video I ever seen. Thanks for making such a nice video.
A video on tax form num for nri is useful … looking forward sir
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.
Thank you for giving us the Great in depth information...indeed helpful.
Last part of the video - Option of not filing tax return - It is always better to file tax return, even nil tax return, because if there is a sale of large asset later, like house, land, MFs, Shares etc, then the NRI would straight away face scrutiny.
Good clarity with examples well explained.
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
Very clear. I do not have to file the tax return in India 😊
Excellent presentation thanks for such knowledge
As I NRI I filed my tax returns
Now I am citizen of USA
I think I understood my question
Invariably he explains it well 😊
It's very useful info and clear.... Thank you
Thank you for clearing taxation related doubts 😊
Feel like sitting in a classroom before a good teacher.
Very clear clarification. Thank you.
From a layman's point of view Government should return tax deducted from various sources of income if it is below Rs. 2.5 lakhs. It should be computerized and automatic. Why people have to waste time, energy and paperwork to file returns if the taxable income is below 2.5 lakhs. Unless a person has income more than Rs. 2.5 lakhs, he or she can file returns if he or she qualifies for tax exemption or deduction. It is simple logic which can save so much of time wasting to file income tax returns. Many people forget or do not bother to file returns of small amounts. By right, this money should be returned to the person from whom tax is deducted. Unfortunately this is not happening. This should be done.
Excellent - very informative discussion.
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
same rules would apply....
Good clarity with examples.
Please make a video on applying by a NRI to ITO for reduction of rate of TDS as the normal rate would be much higher than the 5ax payable.
Very informative. Clear explanation. Thank you
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?
very good information sir. so many issues cleared