About this plan
This plan is specially designed for Non-Resident Indians (NRIs) who need to file their Income Tax Return (ITR) in India in compliance with the latest tax laws. Filing as an NRI requires special attention due to income sources like rental income, capital gains, NRO/NRE account interest, foreign income disclosure, and DTAA benefits.
Services Included
- Identifying your residential status
- Choosing the correct ITR form (ITR-2, ITR-3, etc.)
- Reporting Indian income from all sources (property, capital gains, bank interest)
- Claiming DTAA relief where applicable
- Ensuring correct TDS credits and refunds
- Filing ITR accurately and timely to avoid notices or penalties
- Expert Assisted Tax Filing. | Call 011 45626514
Who Should Buy
How It's Done
We ensure a smooth and compliant filing process with end-to-end guidance—from data collection to final ITR submission and acknowledgement.. No hassle, 100% Digital.
3 Days Estimate
- Upload Documents on Vault
- Review computation sheet
- Get ITR-V after e-filing
Documents Required
FAQs
Who is considered an NRI for income tax purposes?
As per the Income Tax Act, an individual is considered a Non-Resident Indian (NRI) if they do not meet the conditions of residency (i.e., they are not in India for 182 days or more during the financial year, or do not satisfy other conditions of stay).
Is NRI required to file ITR in India?
Yes, if an NRI’s total taxable income in India exceeds ₹2.5 lakhs, they must file an Income Tax Return (ITR) in India.
Which ITR form is applicable for NRI?
Usually:
- ITR-2 – For individuals with income from salary, house property, capital gains, or other sources
- ITR-3 – If the NRI has income from business/profession in India
What types of income are taxable in India for NRI?
- Salary received in India
- Rent from property in India
- Interest on savings/NRO accounts
- Capital gains on sale of shares, mutual funds, or property
- Income from business in India
- Dividend from Indian companies (taxable as per slab since AY 2021-22)
Is NRE account interest taxable?
No, interest earned on NRE and FCNR accounts is exempt from tax, provided you qualify as an NRI under FEMA regulations.
Is NRO account interest taxable?
Yes, interest on NRO accounts is fully taxable and subject to TDS @ 30% + surcharge + cess.
Do NRIs have to pay tax on Indian mutual fund or stock capital gains?
Yes:
- Equity (LTCG > ₹1 lakh) – Taxed @10%
- Equity (STCG) – Taxed @15%
- Debt MF/Other Assets – Taxed as per holding period and applicable rates
Can NRIs claim deductions under Section 80C?
Yes, NRIs can claim deductions like:
- Life Insurance Premium (LIC)
- ELSS Mutual Funds
- Tuition fees
- Principal repayment of home loan
- PPF (if account opened before becoming NRI)
Can an NRI claim refund of TDS deducted in India?
Yes, if excess TDS has been deducted, NRIs can claim a refund by filing their ITR.
Are NRIs required to link PAN with Aadhaar?
If the individual is an NRI and holds an Aadhaar stating “NRI” status, PAN-Aadhaar linking is not mandatory. However, it’s advised to update residential status with the Income Tax Department.
Do NRIs need to report Indian income even if TDS is already deducted?
Yes, even if TDS is deducted, filing ITR is mandatory if income exceeds the threshold. Also, ITR helps to claim refund or carry forward losses.
Can NRIs use Form 10F to avoid higher TDS?
Yes, if claiming relief under DTAA (Double Tax Avoidance Agreement), Form 10F, Tax Residency Certificate (TRC), and a self-declaration are required.
Can NRIs open a Demat account in India?
Yes, but they need to open a PIS (Portfolio Investment Scheme) or NRO Demat Account, as per RBI rules.
Is revised return covered under the plan?
Revised return filing on account of incorrect information provided by the assessee during the original return filing shall not form part of the plan.
What happens if an NRI does not file ITR?
Non-filing may attract penalties, notices, and prosecution in case of high-value transactions or income escaping assessment.
Can NRIs file ITR online without visiting India?
Yes, the entire process – PAN application, return filing, and e-verification – can be done online.
If I am filing my belated returns on TaxSmooth, who is supposed to bear the penalty?
Please note that when a taxpayer files their belated returns on TaxSmooth, the penalty, which can be up to Rs.5,000, has to be borne by the taxpayer. TaxSmooth will not be responsible for the penalty that you are liable to pay to ITD.