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 2 years ago in Income Tax from Chandigarh, Chandigarh
yes
Shyam Sunder Modani
CA, Hyderabad
1343 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
580 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

Abhishek Dugar
CA, Mumbai
1368 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1272 Answers
5.0 on 5.0
Shyam Sunder Modani
CA, Hyderabad
1343 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
188 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
580 Answers
5.0 on 5.0
Vishrut Rajesh Shah
CA, Ahmedabad
559 Answers
5.0 on 5.0
Pradeep Bhat
CA, Bengaluru
297 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
213 Answers
4.2 on 5.0
Lalit Bansal
CA, New Delhi
196 Answers
5.0 on 5.0
Vishakha Agarwal
CA, Bangalore
381 Answers
5.0 on 5.0