Income Tax Return

S Gujar: The Best ITR Filing Agency for NRI in Pune

In India, filing an income tax return is a yearly requirement that must be met by all taxpayers. Non- residents are not exempt from this rule. ITR filing is more significant for non-residents. Non-residents are also more conscientious about their responsibilities, such as tax compliance. Here are some key points to remember while submitting an ITR in India as a non-resident with the help of itr filing agency for nri in pune.

Non-Resident ITR Components

Non-residents often have the following types of taxable income in India with itr filing agency for nri in pune:

  • Interest earned on a bank account
  • House Property for Rent
  • Gains on the sale of mutual funds and stocks
  • Dividends from stocks and mutual funds
  • Profit from the selling of real estate

ITR Filing Procedure: file income tax return India nri with S Gujar :

The steps to file income tax return India nri process are as follows:

  • Obtaining all necessary paperwork for ITR preparation
  • ITR Computation Preparation (self or with the help of a tax expert)
  • Taxes must be paid (if payable)
  • ITR Form Preparation and Submission to the IT Website
  • Verification of ITR V

Tax Slabs vs. Income Tax Rates

The rates at which income is taxed are known as income tax rates. Individuals in India pay different rates depending on their taxable income. As a result, in India, there are Tax Slabs for Individuals, where tax is charged on their whole income. The rates for the annual tax slabs are listed below that you can avail from file income tax return India nri.

In India, one of the most important factors under itr filing for nri in determining whether or not income is taxable is one's residence status. Ordinary Residents (ORs) must report their worldwide income on their Indian ITR. Foreign income is not taxable in India for Not Ordinary Residents (NOR) and Non- Residents (NR), and only Indian income is given for tax in India ITR. In addition, NR and NOR do not have to report their overseas income in their India ITR. A typical criterion for non-resident status for NRIs, OCIs, and PIOs who work and live overseas is that their stay in India should not exceed 181 days.

If NR or NOR receive foreign source income directly in an Indian bank account, the income is taxable in India. However, it has been determined in numerous court decisions that receiving foreign pay in an NRE bank account in India does not trigger taxation in India. Similarly, according to a CBDT circular, sailors and merchant navy employees can receive their overseas ship wage income in an NRE bank account, which is not taxable in India. NRIs, OCIs, and PIOs working overseas should avoid receiving any of their foreign income in an Indian bank account to prevent tax litigation.

A person may be a resident of two countries in specific circumstances, such as if an Indian citizen has relocated overseas for job or commercial purposes during the relevant fiscal year (becoming NRI), A foreign citizen has come to India for business or work (returning NRI), while an NRI has returned to India (returning NRI) (Expatriate). If there is a DTAA between two nations, in this case, the Tie Breaker provision of the DTAA (usually article 4 of the DTAA, e.g., in the Indo-US DTAA) can be used to decide which country the individual will be deemed a Resident. Following that, as described in the previous paragraph, the appropriate tax treatment will be applied.

Get In touch with us for itr filing for nri, and we will help you out in the best manner. You will not face any issues in the tax filing when S Gujar is there to guide you.


Sachin Gujar & Associates,
Chartered Accountants
47/22, Erandwana, Law College Road,
Ekta Apts, 3rd Floor, Above Nirmitee Furniture,
Pune - 411004

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