• 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 10 years ago in Income Tax

yes

Shyam Sunder Modani
CA, Hyderabad
1409 Answers
164 Consultations

The disclosure of foreign account transactions is mandatory only for Residents.

B Vijaya Kumar
CA, Hyderabad
1029 Answers
124 Consultations

Since you are not a resident during last financial year, you may not disclose foreign account.

Vijay N. Kale
CA, Hyderabad
248 Answers
13 Consultations

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