What are the Consequences if NRIs Miss ITR Filing Deadline

Non-Resident Indians (NRIs) who have taxable income in India need to file their Income Tax Return (ITR) in India. Filing taxes on time is a legal obligation that ensures compliance with the income tax laws of the country. However, due to various reasons, NRIs may sometimes miss the deadline. In this blog, we will explore the potential implications and consequences if NRIs miss ITR filing deadline.

Axis Bank NRI Account Opening: Apply for NRI Account Online

Axis Bank is the third largest private sector bank in India. The bank offers a wide spectrum of retail banking, corporate banking, and international banking services. Non-Resident Indians who move to foreign countries can open an NRI account with Axis Bank to save their money or for the convenience of international funds transactions. NRIs and PIOs aged above 18 years can apply for an Axis Bank NRI account to manage their income received in foreign and India.

Yes Bank NRE Savings Account: Features & Benefits

Yes Bank NRE savings account is a rupee-denominated savings bank account loaded with security features. Indians living abroad can deposit their earnings in foreign currency in this account, which at the time of deposit gets converted to INR as per the prevailing exchange rate. NRIs can save money in this account in the form of fixed deposits, savings or recurring deposits. Interest earned in this account is not taxable in India.

10 Best Bank Accounts for Seafarers/ Merchant Navy Professionals

Sailors constantly move from one place to another and hence find it difficult to carry out essential financial transactions. Due to geographical barriers, it is hard for a seafarer to withdraw money, pay bills, invest money, etc. In this case, a seafarer account is ideal for sailors who spend many months at sea moving from port to port. We have picked up 10 best bank accounts for seafarers or merchant navy professionals to manage their finances with ease and convenience.

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