income tax return by individuals
Whether A non resident Indian can file income tax return separately for Indian income in India and foreign income in foreign country for the same financial year more
Reply to your queries is Yes, NRI can file two returns (one in India and another in abroad) more
Tax Return in India is regulated by Indian Law. Tax Return in foreign country is regulated by foreign country Law. In Indian tax return, whether foreign income is to be included or not will depend upon residential status. Similarly, whether Indian income has to be added to foreign Tax return will depend upon foreign country law.
As a thumb rule, if status of a person is resident in India, it would be non-resident in foreign country. That means, there is likely situation, where foreign income is taxed in India as well as foreign country or vice versa. In that situation, tax paid in foreign country can be claimed as tax credit. more
Lack of full details regarding sources of income in India, nature of residency, no. of days stay in India in last four years, nexus of income earned in foreign country to India etc. etc., advise is not possible. more
I failed to mention one point in connection with NRI. If he is having any resident account which are converted into NRO the bank will deduct TDS on interest, irrespective of the interest amount.NRI is required to file the returns to claim the refund. more
True said Mr Jain. If he stayed outside India for less than 180 days then he will have to file return of Income for all his income whether in India or Outside India. Of course if he has paid any tax outside India and their is a DTAA ( Double Taxation Avoidance Agreement) with the same country then he can claim deduction of tax paid in that country. more