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NRIs need not disclose foreign assets or income in ITR
Financial Express Bengaluru
|July 19, 2025
BANK ACCOUNT IN INDIA MUST FOR REFUNDS
NON-RESIDENT INDIANS (NRIs) with India-sourced income must file income tax returns (ITR) for compliance, claiming refunds, and carrying forward losses. While interest earned on Non-Resident External (NRE) and Foreign Currency Non-Resident (FCNR) accounts is exempt from tax, interest on Non-Resident Ordinary (NRO) accounts is taxable.
Diese Geschichte stammt aus der July 19, 2025-Ausgabe von Financial Express Bengaluru.
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