17 June, 2025 at 2:15 pm
Yes, an NRI will have to file income tax returns in India if they have any kind of income that is taxable in India. This can include income received from property located in India, from investments like savings accounts, also from capital gains on the sale of assets in India. If you fail to do the same, then it could lead to imprisonment for about six months to even seven years as per Section 276CC of the Income Tax Act.
<p><span>Yes, an NRI (Non-Resident Indian) has to file an Income Tax Return, which depends on various factors, like whether they are generating a taxable income in India, income coming from the property and investments in India, if they are gaving an annual income of more than the basic income limit which is 2.5 lakh, if they are doing financial and banking services in India.</span></p>
<p><span>Yes, as an NRI, I file my income tax return every year to avoid any inconvenience. Filing ITR is important for continuing financial transactions and paying taxes on the income that I have earned in India through my business or any rental income. </span></p> <p> </p>
<p><span style="color: rgb(0, 0, 0);">According to the Income Tax Act 1961, an NRI must file an ITR if he or she is earning over a certain amount. According to the Old Tax regime, if an NRI is earning more than 2.5 lakhs, then he needs to pay income tax, and according to the new tax regime, if an NRI is earning more than 3 lakhs, then he or she needs to file an ITR, which was introduced in 2020.</span></p><p><br></p>
<p><span style="color: rgb(0, 0, 0);">Yes, as an NRI, I file my Income tax returns in India if it surpasses a certain amount of the income I have earned. If a person of Indian citizenship or a non-resident India is earning over a certain amount, then he or she has to file an Income tax return in India.</span></p><p><br></p>
I file my return every year as I earn some rental income in India, which exceeds the exemption limit. It is quite an easy process and there is nothing to stress about. It helps to claim refunds in case of excess tax deductions. Although filing an ITR is only necessary under certain situations, if you do it voluntarily, it might benefit you in many ways.
If you are an NRI, the income earned and received outside India, and money sent back, is not taxable, but if your income is earned in India by any means, like from a savings account, rental income, or any other kind, and if it exceeds Rs 2,50,000, then you need to file a tax return in India.
NRIs need to file an income tax return in India will depend on their income and specific criteria such as Income sources, tax treaties, and more.
NRIs may not file a return if their income in India is less than the limit of exemption and no TDS has been deducted. If TDS (Tax Deducted at Source) has been deducted and you are allowed for a refund in the ordinary course, then you can file an ITR and get the refund by authorizing a TRP (Tax return preparer) to file your ITR.
Although it is not mandatory for an NRI to file an ITR in India but if their total income exceeds the basic exemption limit, which is ₹ 2.5 lakh for individuals below the age of 60, and if one has earned short-term or long-term capital gains, even if the gain is less than the basic exemption limit, then an NRI has to file return of income.
NRI must check their income sources and the amount to determine the requirement to file income tax returns in India. You can contact a tax professional to get personalized advice and avoid any issues.
If you are an NRI and your total taxable income in India exceeds the basic exemption limit, then yes, filing an ITR is mandatory.
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