Head Automation & Dev Ops at Thomson Reuters
Bankok169 Restaurant Chain
Director-CR, ICFAI Business School
Anuradha Timbers International
A comprehensive list of frequently asked questions on NRI / Foreign Income IT Filing.
'Non-resident Indian' (NRI) is an individual who is a citizen of India or a Person of Indian Origin (PIO) who is not a resident of India.
Number of days stay / residence in India determine the NRI status of Individuals. Check your status using a simplified Residential Status Calculator.
NRIs who are claiming refund but having a bank account in India are not required to furnish details of their foreign bank account in the return of income. The exception to this is that if your taxable income is more than Rs. 50 Lakhs.
You can send the soft copies (scanned or photos or images) of the required documents to firstname.lastname@example.org or upload the documents on EZTax.in Portal. Quality of the documents just enough for us to read and interpret.
It is nothing but your Income Tax computation sheet prepared by EZTax before final eFiling. In other words it is a summary of your Income Tax computation details sent for your review before final eFiling.
After receiving draft from EZTax.in through the eMail (from eztax.in domain), you can revert to that mail with your opinion to proceed further.
ITR-V stands for Income Tax Return Verification Form. You will receive ITR-V when you eFile the Income Tax return.