NRI Income Tax Return

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NRI Income Tax Return – Complete Guide for Non-Resident Indians

Managing finances and taxes as an NRI can be complex, especially with multiple income sources in India and abroad. Filing your NRI Income Tax Return correctly ensures compliance with Indian laws and helps you avoid penalties while maximizing tax benefits.

At Caskk, we simplify the process of NRI Income Tax Return filing with expert guidance, ensuring accuracy, timely filing, and maximum savings.

Who Needs to File an NRI Income Tax Return?

An NRI (Non-Resident Indian) is required to file an income tax return in India if:

  • Total income in India exceeds ₹2.5 lakh in a financial year.
  • They have income from salary, property, capital gains, fixed deposits, or interest on savings in India.
  • They want to claim refunds on excess TDS deductions.
  • They wish to carry forward losses to future years.

Income Sources Taxable for NRIs

  1. Salary Income – If services are rendered in India.
  2. Rental Income – From property owned in India.
  3. Capital Gains – From the sale of shares, mutual funds, or property.
  4. Interest Income – From NRO accounts, fixed deposits, or bonds.
  5. Business Income – If the business is controlled or set up in India.

Documents Required for Filing NRI Income Tax Return

  • PAN Card
  • Passport and visa details for residency proof
  • Bank account statements (NRE/NRO)
  • Form 16 / TDS certificates
  • Details of investments and capital gains
  • Foreign tax credit documents (if applicable)

Why Choose Caskk for Your NRI Income Tax Return?

  • Expert Tax Advisory – Tailored solutions for NRIs with multiple income streams.
  • Compliance Assurance – Ensure accuracy and avoid notices or penalties.
  • End-to-End Assistance – From calculation to filing and refund follow-up.
  • DTAA Expertise – Guidance on claiming relief under Double Taxation Avoidance Agreements.

Step-by-Step Process to File NRI Income Tax Return

  1. Determine residential status under FEMA and IT Act.
  2. Collect income and investment details.
  3. Calculate total taxable income and deductions.
  4. Claim DTAA relief, if applicable.
  5. File returns electronically via the Income Tax portal.
  6. E-verify your ITR to complete the process.

FAQs on NRI Income Tax Return

Q1. Is it mandatory for NRIs to file income tax returns in India?
 Yes, if your income in India exceeds ₹2.5 lakh or if you want to claim refunds or carry forward losses.

Q2. Which ITR form should NRIs use?
 Usually, ITR-2 is used for most NRI taxpayers unless you have business income, in which case ITR-3 applies.

Q3. Can NRIs claim deductions under Section 80C?
 Yes, NRIs can claim deductions under Section 80C, 80D, and other sections, subject to eligibility.

Q4. What happens if I miss filing my NRI Income Tax Return?
 Late filing may lead to penalties, interest on unpaid tax, and difficulty in claiming future refunds.

Q5. Can NRIs claim relief from double taxation?
 Yes, under the Double Taxation Avoidance Agreement (DTAA), NRIs can avoid paying tax twice on the same income.

Get Expert Help Today!

Don’t let complex tax rules overwhelm you. Let Caskk handle your NRI Income Tax Return filing to save time, avoid errors, and ensure compliance.

📞 Contact us now to start your hassle-free tax filing journey.