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RAVINDER SINGH

Category : NRI Taxa..,
Solved
Hello Amlan,

I have a case, where I have received Notice of demand Under Section 156 of Income Tax. & want me pay sum of Rs. 17,76,570/-

I am NRI and has deposited around Rs. 20 Lac in AY 2011-12 in cash to my account & some Stock purchase & sell of Rs 5.8 Lac.

The cash Deposition 20 Lac has Break u...
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Amlan Dutta
The department must have served initial notice under 148 ...this is when the assessing officer has reasons to believe that you have not disclosed your income correctly and therefore, you have paid lower taxes or where you have not filed your return at all in a case where you should have ideally fil...
Himanshu Trivedi

Category : NRI Taxa..,
Solved
Hello Amlan,
I might be a little late in asking this question, but do you have any video/detail/link on how to file ITR2 with 0 (NIL) salary and only claim TDS refund, it applies to my case as i fall under category NRI who doesn't have any income in India apart from bank interest earned on FD.

T....
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Amlan Dutta
Check under videos tab..... The process is defined herewith,
1.) Filling interest income - Under schedule OS i.e other sources under interest head , you will put in your interest income .... ...
Amlan Dutta
I just made one for you ...click on the video tab to see the video
Prateek

Category : Double T..,
Unsolved
I am a resident Indian. I got dividend from a company in USA and they have deducted 25% TDS. I have figured out that I need to show this under OS and FSI sections of ITR2. But I am not sure what exactly to fill in these tables.
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   likes this.
Inder

Category : DTAA IN..,
Unsolved
Hi Amlan,
Good Day sir - first of all thank you for detailed tutorials really very informative.

Summary - I am working for an MNC and enrolled through ESPP (employee stock plan through my company) and my company is listed in USA stock exchange. Hence getting some stocks on monthly basis (of US entit...
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Sonali Verma

Category : NRI Taxa..,
Solved
Hello,

Can you guide where to fill NRI status in ITR 2018-19 and which ITR form should NRI use for this year?

Thanks in advance.
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Amlan Dutta
NRI cannot use ITR 1 for FY 2017 18 ...as far as selecting returns go, NRI will select ITR 2, 3 or 4 depending on scope of taxable income and indicate his taxable residential status against the residential status field in the ITR form...please select query category properly next time
NRI cannot use ITR 1 for FY 2017 18 ...as far as selecting returns go, NRI will select ITR 2, 3 or 4 depending on scope of taxable income and indicate his taxable residential status against the residential status field in the ITR form...please select query category properly next time
Inder

Category : DTAA IN..,
Unsolved
Hi Amlan,
Good Day sir - first of all thank you for detailed tutorials really very informative.

Summary - I am working for an MNC and enrolled through ESPP (employee stock plan through my company) and my company is listed in USA stock exchange. Hence getting some stocks on monthly basis (of US enti...
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Inder

Category : DTAA IN..,
Unsolved
Sir the question is w.r.t DATA on DIVIDEND income received from USA. Should this be under credit/exempt income? As per my understanding India and USA are under agreement for DATA so should I mention the same under FSI or the same is not required
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Jitendra Sune

Category : Double T..,
Unsolved
Hi Amlan,

Want to thank you for the nice educational videos you’ve created on filing tax returns for Foreign Income. They were really helpful. Please continue the good work! I am working in UK since Nov 2017, So I am a resident Indian for tax filing for FY 2017-2018.

I’ve a few queries as under:...
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Sandeep Kumar

Category : Double T..,
Solved
Dear Amlan,
I am resident Indian for AY18-19, with 4 months of salary income from UK. Can you please guide me if it is necessary for me to fill Form 67. If yes any guidance on filling that form would be much appreciated.
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Amlan Dutta
Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67 few important points ...
(1) FTC shall be the aggregate of the amounts of credi...
Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67  few important points ...                                                                                                            <br /> (1) FTC shall be the aggregate of the amounts of credit computed separately for each source of income arising from a particular country;<br />(2) FTC shall be lower of, tax payable on such income under the Indian tax laws and the foreign tax paid;...........                                                                                                                                      <br />           Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) is mandatory to submit Form 67<br />Submission of Form 67 shall precede the filing of return of income....it is a very simple thing , you can check my tutorials on how to fill return for taking credit of doubly taxed foreign income ...But before filing return claiming relief under 91 , you must first fill form 67 Yes, rules for claiming FTC have been notified under Rule 128 w.e.f 1.4.2017 and it is required to fill form 67  few important points ...                                                                                                            <br /> (1) FTC shall be the aggregate of the amounts of credit computed separately for each source of income arising from a particular country;<br />(2) FTC shall be lower of, tax payable on such income under the Indian tax laws and the foreign tax paid;...........                                                                                                                                      <br />           Digital Signature Certificate (DSC) or Electronic Verification Code (EVC) is mandatory to submit Form 67<br />Submission of Form 67 shall precede the filing of return of income....it is a very simple thing , you can check my tutorials on how to fill return for taking credit of doubly taxed foreign income ...But before filing return claiming relief under 91 , you must first fill form 67
JAY D VYAS

Category : NRI Taxa..,
Unsolved
Nice video, My compliments. I am USA citizen 66 yrs old, now RI of India, Born indian, I have Social security and Retirement income on USA, I do file tax return of USA, however my Tax rate is ZERO, I do bring thru NRE account money to live in India, Here in India have hardly 60,000 ( some NRO inter...
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Abhishek Gogia

Category : NRI Taxa..,
Solved
Hi
I am filing return (ITR 2) for my brother who is an NRI,
I wanted to ask is it mandatory to fill FSI, FA and TR for NRI ?
I read in previous blogs and posts that NRI need not fill these schedules , but the excel for ITR 2 that I downloaded does not compute the tax or generate XML till I fill the ...
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Amlan Dutta
Understand the concept why foreign source income schedule doesn't apply to NRI...... A Basically, NRI who is not resident in India is taxable in India only in respect of income arising or received in India i.e for non residential taxable residential status , the foreign source income is not includ...
HITESHKUMAR UTTAMBHAI TOP

Category : NRI Taxa..,
Unsolved
I am NRI and having some queries as mentioned herewith. Since i am NRI and and having two houses i m filing ITR-2.

I had filed ITR-1 for AY 2016-17 and ITR-2 for AY 2017-18 for my wife (she is also NRI) (housewife). She is only having 2-3 Saving account interest and 4 FD interests income (all local ...
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