What input is required for employer name & TAN number in ITR-2 in TDS section for NRI working in UAE?
SBNRI Team
answered on 16/11/2020
As an NRI, your salary earned in UAE won’t be taxed in India. Hence, in such a case there is no need to fill Schedule TDS and the income can be disclosed as exempt income in the ITR.
For assistance with filing your tax returns in India, click on the button below and connect with our taxation expert who will guide you through the step by step process of filing Income Tax Return in India as an NRI.
Related Questions
SBNRI Team
answered on 16/11/2020
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your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn.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 […]
SBNRI Team
answered on 24/05/2023
Only the interest that you earn from your NRO Account is taxable. Therefore, the interest on the money that your friends or family will deposit will be taxable in India. Also, there are certain limitations and tax implications while accepting and sending gifts as an NRI. Click on the button below to connect with […]
SBNRI Team
answered on 16/11/2020
The NRE FDs doesn’t need to be converted to resident accounts after you return to India. They can remain as-is till maturity. Post maturity, the NRE FD can be converted to a Resident Foreign Currency (RFC) Account. The interest earned on NRE Deposits that have been converted to RFC Accounts will be exempt from […]
SBNRI Team
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 […]
