ITR file for NRI
ITR file for NRI, For Non-Resident Indians (NRIs), the applicable Income Tax Return (ITR) form in India depends on the nature and sources of income earned in India.
The commonly used ITR file for NRI are as follows:
ITR-2:
This form is generally used by NRIs who have income from the following sources:
- Salary or pension earned in India
- Income from one or more house properties in India
- Capital gains (both short-term and long-term) from the sale of assets in India
- Income from other sources in India
- Foreign assets or income (including foreign bank accounts)
ITR-3:
This form is applicable to NRIs who have income from the following sources:
- Income from business or profession carried out in India
- Salary or pension earned in India
- Income from one or more house properties in India
- Capital gains (both short-term and long-term) from the sale of assets in India
- Income from other sources in India
- Foreign assets or income (including foreign bank accounts)
It’s important to note that the selection of the appropriate ITR form for NRIs depends on various factors such as the nature and extent of income, residency status, and specific exemptions or deductions applicable to NRIs. It is advisable to consult with a tax professional or refer to the guidelines provided by the tax authority to determine the correct form for filing the ITR as an NRI.
For more information visit this site: https://www.incometax.gov.in
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