RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>InRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMoreRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>InRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>InRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax RubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsRubbishRubbishitMore Sharing ServicesTips for NRIs for filing tax returnsYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>IncYou are here: Home>Collections>Income You are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>IncYou are here: Home>Collections>Income You are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>IncYou are here: Home>Collections>Income Tax ActShare on emailShare on pYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>IncYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTYou are here: Home>Collections>Income Tax ActShare on emailShare on printShare on redditMore Sharing ServicesTips for NRIs for filing tax returnsMay 12, 2014, 08.00AM ISTTags:Shares|settlement option|NRI|mutual funds|Insurability|Income Tax|Girija Gadre|ET Wealth:|Centre for Investment Education and Learning|Arti Bhargava(If NRIs carry out transactions)The income earned by non-resident Indians abroad is not subject to tax in India. However, if their income in the country crosses the basic exemption limit of Rs 2 lakh, they are required to file their returns. This income could be in the form of interest on deposits, rental income on property in India, etc.Also, if NRIs carry out transactions in securities like shares and mutual funds, the capital gains are liable to tax and, hence, the return must be filed. The due date for filing returns by NRIs is 31 July.When to fileThe returns have to be filed if the income exceeds the taxable limit, or to claim refund if the tax deducted at source is more than the tax payable, or to claim the amount set off against capital losses.DocumentsThe documents to be submitted include the passport to show the number of days spent outside India to qualify as an NRI. Besides this, the NRIs need to provide the statements for the demat accounts, for the transactions and bank accounts held in India, as well as the TDS certificates received from other parties.ExemptionsThe NRIs can also claim exemptions available to individuals under the Income Tax Act (unless specifically not applicable to NRIs), such as Section 80C, with respect to certain investments, payment of principal on housing loan, etc. The taxable income can be reduced by availing of these exemptions.Filing alternativesThe NRIs can file their tax returns online on the Income Tax Department e-filing portal. Alternatively, they can use other private, paid e-filing portals to do so, or even take the help of tax advisers.Points to noteIt is not necessary for an NRI to file tax returns if the total income during the relevant financial year consists only of investment income or long-term capital gains, or both, and the tax has been deducted at source from such income.(The content on this page is courtesy Centre for Investment Education and Learning (CIEL). Contributions by Girija Gadre and Arti Bhargava).FEATURED ARTICLESTop 10 companies that pay more than 25% dividend10 best tax-saving investmentsWhat central government employees can expect from the 7th Pay CommissionMore:India's first e-reader Wink unveiled, supporting 15 languagesSRK to play Indian don in 'Xtreme City'What central government employees can expect from the 7th Pay CommissionTableau Software, Atlassian prepare for IPO amid market woes10 steps to file your income tax return onlineHyundai: Price war under way in US car marketRELATED ARTICLESTax filings by Non Resident IndiansMay 27, 2011Income Tax Department to increase online servicesDecember 5, 2010Tax filing tips for Non Resident IndiansMay 20, 2008IN-DEPTH COVERAGEIncome Tax ActNrisTax ReturnsThe Economic Times 2015 Bennett, Coleman & Co. Ltd. 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