NRI Tax Filing Deadline Updated: Through its latest circular (08/2021; F.NO. 225/49/ 2021/ITA-II) dated 30th of April, 2021, The Central Board of Direct Taxes has extended the Income Tax Filing deadline till 31st May 2021 from 1st April 2021 previously. Find the circular below:
NRI Tax Filing: The Struggle
Being an NRI and having a tax liability in India is a challenge in itself. Filing the Income Tax Returns as an NRI adds another layer of struggle and to avoid that many NRIs appoint Chartered Accountants for carrying out their ITR Filing in India. They also reach out to different domain experts in order to sort their banking, investments and other service requirements in India. Given the current situation in India as a result of the rise in the number of COVID-19 cases, availing such services have become more difficult. Therefore, SBNRI is all set to launch its mobile app that will release very soon and will be the one-stop platform for all NRIs concerning their banking, investments, taxation, real estate or any other service related to India.
Here are some highlights of the SBNRI App:
- Apply for NRI Bank Account with Indian Banks digitally under 10 mins*
- 15000+ premium content verified by experts
- Dedicated Indian Friend for your India related queries and services requirements
- 24×7 availability of domain experts (NRI Bank Account, Investments, Taxation and many more)
- Investment planning in India
- Complete taxation in India
- Real Estate in India
- Global Taxation (US, UK, Germany, Canada)
- End to end management and execution for all your India related queries
NRI Tax Filing in India: Benefits and Mistakes
File Tax for FY 2019-20 with SBNRI
We at SBNRI understand that it can be a challenge to take the benefit of the latest notification and file your pending ITR Return till the latest deadline (31st May 2021). Therefore, SBNRI provides you the access to the one-stop platform experience to file your returns with end to end assistance from experts throughout the execution of the process. Click on the button below to get in touch with our Taxation Expert directly on WhatsApp. Also visit our blog and Youtube Channel for more details.
NRI or not, every individual must file a tax return if their income exceeds Rs. 2,50,000/-. But note that NRIs are only taxed for income earned/collected in India.
There are charges applicable on the transfers. The tax angle can be liable with elements such as purpose of transfer (gift, loan etc.), amount, relationship with the recipient and other such factors.