NRI Income Tax Return Filing

Who is an NRI for Income Tax Purposes?

A person is considered a Non-Resident Indian (NRI) if they do not meet the residency conditions under the Income Tax Act, 1961.
Residential status is determined based on the number of days stayed in India during a financial year, not by nationality or citizenship.

---

When Should an NRI File an ITR in India?

You are required to file an Income Tax Return in India if:

• Your total income in India exceeds ₹2.5 lakh in a financial year (before claiming deductions).
• You have capital gains in India, regardless of income limit.
• You wish to claim a refund of TDS deducted in excess.
• You have income from salary, house property, investments, or business in India.

---

Taxable Income for NRIs in India

Only income earned or accrued in India is taxable for NRIs. This may include:

1. Salary income received in India or for services rendered in India
2. Rental income from property in India
3. Capital gains from sale of shares, securities, or property in India
4. Interest income from NRO accounts or fixed deposits
5. Business income from operations in India

Note: Interest from NRE and FCNR accounts is tax-exempt for NRIs.

---

TDS Rates for NRI Income

Nature of Income	Section	TDS Rate	Applicability
Interest on NRO deposits	195	30%	On interest earned from NRO accounts
Dividend income	195	20%	On dividends paid by Indian companies
Rental income	195	30%	On rent paid to NRI landlords
Sale of property (Long-term capital gain)	195	20%	If held > 2 years
Sale of property (Short-term capital gain)	195	30%	If held ≤ 2 years
Sale of listed securities (LTCG)	112A	10%	If gains exceed ₹1 lakh
Sale of listed securities (STCG)	111A	15%	On gains from equity shares/units of equity-oriented mutual funds

---

Documents Required for NRI ITR Filing

• Passport (for residential status proof)
• PAN Card
• Bank account details (NRO/NRE)
• Form 16 / salary slips (if applicable)
• Investment proofs & capital gains statements
• Form 26AS & AIS (Annual Information Statement)
• Property sale/purchase agreements (if applicable)

---

How Calculus Helps NRIs

• Residential Status Determination as per Indian tax laws
• Computation of taxable income and applicable deductions (Section 80C, 80D, etc.)
• Double Taxation Avoidance Agreement (DTAA) relief claim
• TDS refund assistance if excess tax is deducted
• Filing ITR under the correct form (ITR-2 / ITR-3) as per income source

---

Why Choose Calculus for NRI ITR Filing?

• Expertise in NRI taxation laws & DTAA provisions
• End-to-end online filing support from anywhere in the world
• Assistance with capital gains computation and lower TDS certificate applications
• Transparent pricing with timely compliance

---