Do you have any income in India?
Hi, I'm an Indian citiz n working abroad since a few years and in UAE for almost 2 yrs now. I'd like to know if I need to file ITR. If yes, then kindly guide me what documents do I need to provide and who can help me filing the same. Also what are the charges that I need to pay for your services? Looking forward to having your response. Best regards, Mayank
Hi Mayank,
Firstly, we would like to know what are your income sources in India?
If you don't have any income in India or you income in India is less than 2.5 lacs, you don't need to file return in India.
Please feel free to call revert in case you need more clarity
Thanks and regards
Abhishek Dugar
CA CS B.Com
Thanks for your quick reply. No, I don't have any income source in India that's over 2.5 lacs. I was told if I buy a property in future in India, I'll need ITRs. Is that true?
I don't think there would be any such issue. But it's always advisable to file the returns even if they are NIL returns.
If you wish to do the same, we may help you.
Regards,
Lakshita Bhandari
Email: lakshita.bhandari@gmail.com
Hi Mayank,
Kindly also keep tab on your 26AS, and check if any TDS has been deducted from your bank interest income or any other income. If yes, then you are required to file IT return to claim TDS refund, even if your income is not crossing 2.5 Lakhs.
Hello,
If your indian income is below the taxable limit then nothing to worry.
In context to buying a property, no it is not mandatory to file returns in India. How do you think US or UK citizens invest in India then.
But yes it is always advisable to keep filing your returns if it is possible for you.
Trust this clarifies your query.
Feel free to call / get back in case of further clarifications.
Thanking You.
Regards,
Rohit R Sharma
BCOM, ACA, LLB-GEN, CERT. FAFP