"NRIs: Simplify Your Income Tax Filing in 9 Steps"

The article provides a step-by-step guide to filing income tax returns for Non-Resident Indians (NRIs), covering important aspects like determining residential status, identifying taxable income, collecting necessary documents, choosing the appropriate ITR form, and verifying the return electronically. It emphasizes compliance with Indian tax laws and offers practical tips for a seamless filing process.


Step-by-Step Guide: Income Tax Filing Requirements for NRIs

Step Description
Step 1 Determine your residential status under the Income Tax Act. An individual is considered an NRI if they spend less than 182 days in India during the financial year.
Step 2 Identify taxable income in India. NRIs are taxed only on income earned or accrued in India, such as salary received in India, rental income from property in India, or capital gains from selling assets in India.
Step 3 Collect necessary documents, including PAN, Form 16 (if you have income from salary), bank statements, and interest certificates for deductions.
Step 4 Choose an income tax return (ITR) form. For NRIs, ITR-2 is usually applicable if you have income from multiple sources except business or profession.
Step 5 Calculate your taxable income. Deduct eligible exemptions and deductions under sections like 80C, 80D, etc., from your total income.
Step 6 Pay any outstanding tax liability. Use the challan ITNS 280 to pay taxes online through the income tax website.
Step 7 File your income tax return online via the official Income Tax e-Filing portal. Ensure you upload the correct details and documents.
Step 8 Verify your return electronically using methods like Aadhaar OTP, net banking, or by sending a signed ITR-V to the CPC, Bengaluru.
Step 9 Keep an acknowledgment of the successfully filed return for future reference.


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