How to determine that an Individual is NRI?
'Non-resident Indian' is an individual who is a citizen of India or a person of Indian origin and who is not a resident of India. Thus, in order to determine whether an Individual is a non-resident Indian or not, his residential status is required to be determined under section 6. As per section 6 of the Income-tax Act, an individual is said to be non-resident in India if he is not a resident in India and an individual is deemed to be resident in India in any previous year if he satisfies any of the following conditions:
Income Tax for NRI
We all know that taxes collected from citizens is the foundation of the Indian Economy. NRI Taxation under the Indian Income Tax Act, 1961, applies to those earning outside the home country. The income tax rules and perks allowed to them are ...
How to determine Residential Status for Income Tax?
Residential Status for Income Tax Section 6 of Income Tax Act, 1961 contains provision relating to Residence in India. The taxability of an assessee is dependent on the Residential status during any Previous Year. Individual Income tax Act classifies ...
How to File Individual Tax Return
Income Tax Filing: How to File Individual Tax Return Online? Income Tax Return is a form which is used to file the income tax with the Income Tax Department. Income tax is a tax imposed by the Central Government on income of a person. Filing income ...
Income tax return status check
An income tax refund is due to a taxpayer if he has paid taxes higher when compared to his actual tax liability. When a taxpayer claims a refund in his return of income, the tax department processes such a return and the taxpayer would receive an ...
How to file Income Tax Return of Non- Resident
A Non-Resident Indian (NRI) is a citizen of India or a person of Indian origin who is not a resident in India. In this article, we review the requirements governing income tax return filing by NRIs. The question of whether NRIs should file a return ...