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What we Offer
Applylegal team provides you with team of tax experts, who will assist you in each step of
return filing process and file your income tax return. The team will be available always
through online support. Our team have expertise on national and international tax
provisions.
Documents to be submitted:
1. KYC of the individual( PAN, Aadhar).
2. Form 16 from your respective Employer.
3. Form 26AS Tax Credit Statement .
4. Bank Account statement-NRE/NRO(if any).
5.Details of any income earned in India.
Why Us?
Applylegal team file your tax return just @Rs. 2950/-. Our tax team will be at your service
and you can contact them whenever you feel so and your tax filing process will be
completed within 2 days of document submission.
Fill the form for NRI Return Filing

Extra Features
Our team of experts will not only guide you in your return filing process but also with all
round individual Tax compliances.
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FAQs on NRIs Income Tax Return

Should you file returns in India?

Yes, If your total income exceeds Rs.2.5 Lakhs Yearly then you have file income Tax Return in India. Moreover, If You have earned short-term or long-term capital gains from sale of any investments or assets, even if the gains are less than the basic exemption limit, then also you have to file Income Tax Return in India.

When is the due date to file Income Tax Return?

July 31st is the last date for filing your Indian income tax returns for the financial year 2018-19.

Failing to which its attracts heavy penalty under Income tax Provisions.

Is there any Liability to pay Advance Tax?

As per the provisions of the Income Tax Act, you must pay advance tax in three installments during the year in case the tax payable, after adjusting TDS is likely to be Rs 10,000 or more. If advance tax payments are missed in a year than interest need to be paid for that as mentioned under Section 234B and Section 234C.

Our Tax team at Applylegal.com will guide you through the entire process.

Who needs to file Income Tax Returns?

Any NRI who earn more than INR 2,50,000 in a Financial Year is liable to e-file income tax return in India.

What is the need to file Income Tax Return?

NRI’s need to e-file income tax returns for the following reasons:
  • To carry forward a loss.
  • The only income earned from selling an asset in a financial year where TDS has been
    deducted are not required to e-file income tax return for that year.
  • To claim a refund.

What is House Property Income:

Income generated from house property that is situated in India is taxable here. The income tax calculation rule will be followed as same as a resident’s. Whether the property is vacant or rented out, it is liable to pay income tax on that. An NRI is also entitled to claim 30% standard deduction on house property against home loan interest payment. Also, NRI’s can claim a deduction against principal repayments under section 80C which includes Stamp duty, registration charges paid to purchase a property.

Rental Payments to NRIs as Income?

If an NRI receives rental payment from a tenant, then the tenant must deduct TDS at a rate of 30%. Whether the rent is received in NRI’s Indian or foreign account, it is subjected to cut TDS. Also, the person making the rental payments to an NRI need to submit a Form 15CA through online. In exceptional cases, Form 15CB need to be submitted taken from a CA which shows the details of payments, TDS rate, and TDS deduction. These needs to be showed as described in Section 195 of the Income Tax Act. This form will also show the details of DTAA (Double Tax Avoidance Agreement) if applicable, and other details of the payment made. Form 15CA is required when the rental payment exceed INR 50,000 (single transaction) and INR 2,50,000 per financial year. Form 15CB is not required when rental payment does not exceed the above limit and lower TDS has been deducted. In the case of lower TDS deducted, a certificate is needed to received according to the section 197 or such can be done by the order of the AO. Only if the rental payment transaction falls under the Rule 37BB of the Income Tax Act, then none of the above forms is required.

What is Capital Gain Income ?

Capital gain received on capital asset transfer based in India is tax liable in here and it also includes capital gains on share or security investments done in here. If NRI’s sell any house property in India, then buyers are entitled to deduct a TDS at 20%. NRI’s are although eligible to claim capital gain exemption against house property investments which is described under Section 54 The exemption can be also claimed against capital gains from bond investments according to section 54EC.

What is Income from Other sources?

Interest earned from fixed deposits and savings account held with any Indian banks are taxable in India. However, interest earned on NRE and FCNR accounts are non-taxable where interest earned on NRO account is 100% taxable.

Is there any special provisions for income from Investment for NRIs?

Investments done by NRI’s in any Indian assets is taxed at a rate of 20%. If the income is only income earned in an FY and TDS has been deducted, then it is not tax liable.
The included assets are:
  • Deposits with Indian bank.
  • Debentures issued by a publicly-listed Indian company (not private).
  • Shares in a public or private Indian organization.
  • Any security of the Central Government.
  • Other assets of the Central Government as specified for this purpose in the official gazette.
  • Deductions under Section 80 is not allowed while calculating such investment income.

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