I have been working in India last year till Sept mid and have not spent more than 182 Days in India and as I have now Form 16 from earlier company and Status is NRI for Ly as well which form should I fill?
SBNRI Team
answered on 05/03/2021
Non residents having income from salary in India are generally required to file their return in ITR Form 2. However, we need to thoroughly check all the different sources of income and then can decide which ITR form will be applicable.
You can connect with our taxation expert directly on WhatsApp using the button below. He will guide you through the entire process of selecting the ITR form and filing the return step by step.
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answered on 10/09/2020
Taxation on Mutual Funds for NRI: Different types of Mutual Funds are taxed differently *(Equity Funds: An equity fund is a mutual fund that invests principally in stocks) *(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government securities) Nature of Profits […]
SBNRI Team
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Gift from an NRI Relative to a Resident Indian is exempt from tax in India for both giver and receiver. Therefore, you don’t have any tax liability in India.
SBNRI Team
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The taxation on Mutual funds depends on the kind of mutual fund, i.e. debt or equity, and the holding period of the said mutual fund. Taxation for Equity Mutual Funds: In the case of equity mutual funds, any holding of less than one year will be termed as short-term, and selling of such […]
SBNRI Team
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A Roth IRA is funded by your post-tax income. Therefore, withdrawals are tax and penalty-free. However, if you have had your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn. If you withdrawal your earnings before maturity then tax […]
