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NRI ITR Filing Taxraahi

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Your online companion for company, tax and legal matters.

WWW.TAXRAAHI.COM

NRI ITR online filing

WHAT IS INCOME TAX RETURN ?


Salaries taxpayerswho are earning more than 5 Lakhs taxable income is mandatory
for E-filing ofincome tax return. You will have to compulsorily
fileindividual return if you fall in the 5-10 Lakhs tax slab.
Income Tax returnis required to be documented by 30th September every year. It is
required for all the corporate assesses & non-corporate assesses (likepartnership
firm,Proprietorship firm, association etc.) whose accounts are required to be audited.
For all other assesses due date is 31stJuly each year.
It is a document that will beE-Filing; the whole process of granting refunds
became easier for the government to carry out as all transactions get
stored in a central database. This way income allocation also becomes
more effective and transparent as does the development of the country.

NRI is required to file an Income tax return when he has any income that is
accrued or has been received in India.
Filing of NRI return is compulsory so as to avoid double taxation i.e. taxation in two
countries or to claim tax refund if your income is in the exemption limit (i.e. Rs.2,50,000).

Taxable Income of NRIs in India


If an NRI receives any kind of salary directly into an Indian account it is subject to taxation
laws used in India. Taxable income of NRIs in India can be judged by following ways :
Taxable Income can be Judged by Judging the residential status of a person in
India
File your Foreign Income Return with LegalRaasta

Taxable Incomefor an NRI in India, are:


Income from Salary
Income From House Property
Income from other sources
Income From Business and Profession
Income From Capital Gain

Taxable
Income

NRI Income Tax Plan@ 2799

Key Features of NRI Plan

Suitable for:

Indians working on-site (earning salary income


outside india)

Indians having assets or bank accounts/ assets


abroad

Foreign nationals earning salary/ owning assets in


India

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So log on now at

www.taxraahi.com

8750008585
Or mail us at: contact@taxraahi.com

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