Foreign Account Disclosure

I stayed for 143 days in India in last financial year and then came to US as a part of work assignment from my company. Prior to coming here I was in India for more than 5 years. Current I have salary accounts in US , do I need to declare them while filing returns in India.
Asked 1 year ago in Income Tax from Chandigarh, Chandigarh
yes
Shyam Sunder Modani
CA, Hyderabad
1128 Answers
5.0 on 5.0
  Talk to Shyam Sunder Modani
The disclosure of foreign account transactions is mandatory only for Residents.
B Vijaya Kumar
CA, Hyderabad
405 Answers
5.0 on 5.0
  Talk to B Vijaya Kumar
Since you are not a resident during last financial year, you may not disclose foreign account.
Vijay N. Kale
CA, Hyderabad
248 Answers
4.9 on 5.0
  Talk to Vijay N. Kale

Ask a Question

Get tax advice from top-rated chartered accountants. It's quick, easy, and anonymous!
Ask a question

Other Questions

Chartered Accountants

Rohit R Sharma
CA, Mumbai
986 Answers
5.0 on 5.0
Abhishek Dugar
CA, Mumbai
994 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1128 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
384 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
180 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
405 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
303 Answers
5.0 on 5.0
Lalit Bansal
CA, New Delhi
130 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
77 Answers
3.9 on 5.0
Shiv Kumar Agarwal
CA, Delhi
197 Answers
5.0 on 5.0