NRI Tax Filing Due Date 31.07.2024, Do Not Neglect These Points. Here Is What Law Says

#nri #nrimoneyclinic #incometaxreturn
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Services offered by NRI Money Clinic
* Life & Critical Illness Insurance.
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* Dollar investment ( Only for NRIs in Middle East and Africa )
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* PMS ( Portfolio Management Service)
* Fractional Real Estate
* Cash flow planning (Pension, Guaranteed Return plan , Fractional real estate)
* Tax filing and chartered accountant services. (Outsourced services)
* Wills and inheritance planning. (Outsourced services)
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[@hihenri7982]

Very useful information. Thanks for sharing.

[@chaitanyashah1180]

Thank you for your information i really appreciate it

[@stayingindian]

Highy insightful video, really helpful for NRIs 👏

[@vasanthagowda7374]

Government could not find whether Rahul Gandhi has dual citizenship or not 😂 How will they know if someone is NRI or OCI or Indian resident?

[@goldrock19janster]

Hi @Dr Bhat and NRI clinic team…I have recently subscribed to your channel and will like to start with a feedback. Your videos are super informational and the way you explain things are amazing. It truly resonates the real problems that we as NRI faces and helps us a lot. Thank you and wish you great success. I would like to request you to put together a video on how indian income should be reported in foreign countries where financial years is differs. Eg. I am Canada based, Canadian financial year is 1Jan to 31Jan whereas India is Apr to Mar. As word income needs to be reported in Canada , considering you have interest, rental etc income in India with TDS deductions. How do we address the gaps as there are 3 quarters on India current financial years and 1 quarter of previous Indian financial year. One challenge I can share is TDS deducted in 3 quarters (current financial year of India) can be claimed back in India when you file your India tax return , however Canadian tax returns are completed before Indian tax conclusions.

[@ashokkrishnan2609]

Thank you very much for the insight. Could we request similar information for seafarers working on international shipping? There are millions of us without proper guidelines for tax filing. 🙏🏽

[@sreekumarpankajakshan6255]

Your videos are always very informative and helpful. One suggestion would be to consider referring to individuals as he/she instead of just “he” as that has been the case in all your videos. 👌

[@NRIMoneyClinic]

Thank you very much for your feedback . It will be implemented

[@ppushp027]

Which ITR Form NRI has to fill if they have only interest income and LTCG ?

[@sandeepkarkhanis2273]

It seems IT dept has introduced new rule to link pan and aadhar for OCI card holders to submit taxes. I am currently facing this challenge, as an OCI card holder, I dont have Aadhar (coz of the 6 month stay requirement) ; my PAN card is updated to reflect the OCI / NRI status in the IT systems but I am still unable to file taxes. any suggestion you have would be appreciated?

[@ganukumarshah2296]

Building is under redevelopment. Builder paid Hardship compensation fund, which is exempt from tax. However TDS is applied. How to show this income as exempt income? Thank you

[@nishantmehta]

15 years of history for transaction, just to prove you don't owe tax? that too after paying tax correctly?

[@Sanapsaheb]

last month I got citizen ship of USA. What is my status for taxation status? From next year is it compalsory to file tax return?

[@jer70]

Your channel is highly appreciated. It is informative and alerts NRIs to the intricacies of being an NRI. Thank you for your yeoman service. Please clarify: Can an NRI send foreign funds into his NRO account and claim 'not liable for taxation' for that amount? Or must the funds go only into the NRE account? Thank you.

[@jagdishrai9146]

NRO Account is for income earned by an NRI in India. I think you can send money into your NRO account from abroad but then you can’t repatriate that money back from NRI account directly and may have to go through some paperwork to repatriate back your money.

[@ankurkalita7830]

Hello Sir, if someone is a resident and shows his global income, does he show the income recieved or accured in USA. Lets say for march some income is received in April in USA, does he include the amount received in april also in the last financial year in India.

[@margaretjohn5590]

Kindly tell the documents name to prove we are NRI like Visa....

[@zuhaibpn]

14:00

[@anika_20099]

I am an oman based nri. Kindly recommend a CA for filing my return. Someone who can help with capital gain returns of mutual funds under DTAA as well pl.

[@jagannathshetty6196]

@CASriram, You touched upon 20% TDS deduction for NRI's on their Dividend received on their shares held in their Demat Account through PIS. My query therefore is that while filing ITR in India, will I be able to get Refund for this complete TDS Amount deducted at 20% if I have no other Taxable Income in India and no Double Taxation issue since for a Seafarer the Tax liability if any is only in India as he is not Resident in any other Country but Non-Resident in India basis his stay in India for any given Year being less than 182 Days thereby having an NRE Status every Year.

[@Eklavvyyaa]

Thanks from uae well job done sir 😊

[@fishlife7073]

Sir What if you have no income in either country like india or US as OCI . And you have less than 40K rupees in NRI or NRO Account then you adult have to file taxes ? Thank you in advance

[@maritube123]

One more helpful video with class presentation.I always wait for your new video. Sir , for NRI while filling online ITR-2 and to enable 115AD (1)(iii) proviso , SEBI Registration number is must as per new rule. What is this number and from where this number can be obtained. I have NRI Trading and Demat account. Please help. Your help is highly appreciated. Thanks

[@kishkumar7628]

Thanks for the informative video.. I didn’t file IT in India from 4 years.. India income is less than 2.5 lakhs.. can I file all 4 years now? Appreciate if you provide some info on the same.. Thanks!

[@balramgharte105]

I have NRI/ NRE AC in Indian bank. The interest earned in FY 2023-2024 is below Rs. 1000 ( Rs. Ten Thousand only) My general enquirers to some CAs shows no need to file taxes as interest earned is below Rs. 40 thousand. So do you think we will have to file taxes on NRI interest that’s below Rs. 10k Thanks

[@vineetshetty9646]

Can NRI claim deduction US 80C, 80D, 80 CCD 1B?

[@dainikgohel1397]

Yes, definitely

[@tjbenny]

Hello Sir, Does your company help us to file Income Tax?, I never filed Income Tax and I have been in Gulf 22+ years. As you have indicated my impression was since I am paying or TDS is applied, thought that is okay. Kindly advise your services.

[@VishalSfmc]

Were you having any income in India more than 3L during this period?

[@tjbenny]

@@VishalSfmc Yes, only sale of shares and dividend both through NRI and NRO Stock investments. I think I will be able to get return as they deduct TDS and Long term tax. My investment in stock 2.5 Cr

[@tjbenny]

TDS deducts 20.8% plus Cess, may be I will be able to get some amount.

[@shibshankersingh1217]

Dear Sir, What is the rate of tax for A.Y 2024 - 25 for a NRI in India.

[@dainikgohel1397]

It is based on the slab rates.

[@dominicsavio978]

poor quality of audio

[@NRIMoneyClinic]

Thank for the feedback . Will work on it

[@ramzanrajsi6970]

Sir Do an UAE based NRIs can get 1 lakh capital gain per year on LTCG in India Equity mutual funds same like resident Indians ? 2. Do and NRIs can get tax exemption of 2.5 lakh per annum same like Indian residents ? Thanks Ramzan

[@sreekumarpankajakshan6255]

Both yes 👍