Income Tax Return Filing

I am an NRI, should I still have to file tax returns in India? I was on an assignment outside India for more than 9 months/ I was in India on an assignment for 3 months. Do I have to file return in India ? I have two vacant properties in Mumbai or I have a property in Mumbai which is let out, do I have to file my India Tax Return,etc. are the common questions we hear from Non Residents.

The answer is Yes. In case of non-residents, all income which accrues or arises in India such as rent from the property, interest from deposits, dividends from the company, gain from the sale of property are subject to tax. Wherever taxes are applicable and even if such taxes are deducted by the tenant or the buyer of the property, etc.,NRIs are obliged to file tax returns.

We at S.V.Bhat & Co have solid experience in expatriate and NRI taxation and return filings and assessments. Please reach out to us at [email protected]