An NRI’s income taxes in India will depend upon his residential status for the year. If your status is ‘resident,’ your global income is taxable in India. If your status is ‘NRI,’ your income which is earned or accrued in India is taxable in India. Salary received in India or salary for service provided in India, income from a house property situated in India, capital gains on transfer of asset situated in India, income from fixed deposits or interest on savings bank account are all examples of income earned or accrued in India. These incomes are taxable for an NRI. Income which is earned outside India is not taxable in India. Interest earned on an NRE account and FCNR account is tax-free. Interest on NRO account is taxable for an NRI.
Due Date: 31st July of the Current Financial Year
List of sales Bills
Bank statement for the Month in excel
Loan Statement if any
Fixed asset bills
How Does it Work?
Submission of required Documents to WTC Team through E-mail
Our dedicated professional would review & start working on it
Our Team will Send you Draft Tax Computation through e-mail
Only after your confirmation, we will e- file Income Tax return
Complete Income Tax deliverables including Tax compuation will be sent to your E-mail for your records