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
1409 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
820 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

Lakshita Bhandari
CA, Mumbai
872 Answers
5.0 on 5.0
Abhishek Dugar
CA, Mumbai
2340 Answers
5.0 on 5.0
Rohit R Sharma
CA, Mumbai
1982 Answers
5.0 on 5.0
Keerthiga Padmanabhan
CA, Greater Mumbai
764 Answers
5.0 on 5.0
B Vijaya Kumar
CA, Hyderabad
820 Answers
5.0 on 5.0
Vivek Kumar Arora
CA, Delhi
126 Answers
5.0 on 5.0
Sunny Thakral
CA, Delhi
106 Answers
5.0 on 5.0
Nikhil Khanna
CA, Mumbai
101 Answers
5.0 on 5.0
Lalit Bansal
CA, Delhi
436 Answers
5.0 on 5.0
Vidya Jain
CA, Kolkata
448 Answers
4.0 on 5.0