ITR Form for NRI
ITR Form for NRI (Non-Resident Indians), the Income Tax Return (ITR) form to be filed depends on the nature and source of income earned in India.
Here are the common ITR forms applicable to NRIs:
1. ITR-2:
This form is applicable if you have income from salary, more than one house property, capital gains, foreign assets/income, and/or income from business or profession as a partner or proprietor.
NRIs who do not have business or professional income but have capital gains or foreign assets/income can use this form.
2. ITR-3:
This form is applicable if you have income from business or profession as a partner in a partnership firm but not as a proprietor. It is also applicable if you have income from salary, house property, capital gains, and foreign assets/income.
3. ITR-4 (Sugam):
This form is applicable for individuals, Hindu Undivided Families (HUFs), and firms (other than Limited Liability Partnerships) having income from business or profession calculated under the presumptive taxation scheme (Section 44AD, 44ADA, or 44AE) and having total income up to Rs. 50 lakh. NRIs with income from eligible businesses/professions can use this form.
The choice of the appropriate ITR form for NRIs depends on the specific circumstances and sources of income. It is recommended to consult a tax professional or refer to the official website of the Income Tax Department of India for detailed guidance and to ensure compliance with the tax regulations applicable to NRIs.
For more information visit this site: https://www.incometax.gov.in
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