When Should An NRI File Income Tax Returns In India ? By CA Sriram Rao

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  • Опубликовано: 28 июн 2021
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Комментарии • 918

  • @dhsanjay9999
    @dhsanjay9999 3 года назад +4

    Fantastic Discussion - I appreciate the simpler language and the manner of presentation to the normal person. Very nice. First video of this series i watched.

  • @SuperClive82
    @SuperClive82 3 года назад +8

    Thank You for the video. It really helped me to understand the taxation updates for NRIs .

  • @cleopatracl6025
    @cleopatracl6025 2 года назад +2

    Thank you so much! Such a fantastic video. Great information, very clearly laid out, brief and succinct. Can’t ask for more!

  • @radhakrishnam252
    @radhakrishnam252 Год назад +2

    One of the best videos any NRI can benefit listening to fir their tax purposes.

  • @rishikeshns7394
    @rishikeshns7394 2 года назад +7

    By far the best video about filing tax returns for NRI’s. Thank you for the detailed session 🙏

  • @velbond007
    @velbond007 2 года назад +5

    Dr. Chandrakant is very clear. The way he repeat the things are very very clear and i like the way the interview goes. Lot of thanks to the Mr. Shriram and team. Complete income tax informations for NRIs in simple half hour video. Amazing.

  • @railfan5230
    @railfan5230 Год назад +2

    The breadth of this discussion covered all corners, Fantastic. Excellent questions and concise/precise answers. Thank you both for your time and expertise

  • @shankymarine
    @shankymarine Год назад +5

    Sir, please make such wonderful and self explanatory video for Seafarers who become NRI after 183 days. Please make such brief video. Thank you

  • @ronkappa
    @ronkappa 3 года назад +12

    Extremely well explained sir. Salute to bothvu and Mr Sriram, both of you have been very explicit and intricate in ur advice, explaining via various scenarios. Helps us NRIs tremendously. Thank you. If I ever have an investment issue I'm sure I will come take your professional advice.

  • @bharatdave9448
    @bharatdave9448 3 года назад +27

    Dr Chandrakant and Mr Shriram, wonderful team. Very thorough explanations on different financial aspects for NRIs in very simple manners. Enjoy watching your diffraction episodes. Thanks.

  • @ankursharma6464
    @ankursharma6464 2 года назад

    On of the best income tax discussion I have experienced so far. Many thanks

  • @shivaiyr2004
    @shivaiyr2004 Год назад +2

    Excellent presentation. Your questions to Sriram with specific examples were brilliant. Great work.

  • @TheAkilesh08
    @TheAkilesh08 3 года назад +3

    Wonderful! Thank you so much for the clear information.

  • @pattabiramannarayanaswami7522
    @pattabiramannarayanaswami7522 3 года назад +6

    Excellent presentation. What all doubts in my mind , has been cleared. Thanks a lot sir for such expert opinion done on our behalf

  • @jayakumarramachandran733
    @jayakumarramachandran733 2 года назад +1

    Both of you are genuine professionals and are making a great contributions to NRIs. Thank you
    Jayakumar (NRI), Singapore

  • @sampathr2
    @sampathr2 3 года назад

    Very very informative and useful about NRI and the IT act concerning their income. Tks for sharing

  • @rajendranardekar1090
    @rajendranardekar1090 3 года назад +5

    Most awaited discussion and clarification. Lot of people needed thIs information! Thank you.

  • @kimsera123
    @kimsera123 3 года назад +3

    Thanks for the video it gave light to many of the unclear topics.
    In furture can you cover the topic on,
    1. How can I NRI sell a property in India , things to consider. Taxation how to reduce tax
    2 . What should be done if he needs to take that money from a sold property out of the country to use in different country . Taxation point of view etc

  • @sweet7ins118
    @sweet7ins118 2 года назад +1

    Thank you for discussing this topic with detail explanation and examples. Really appreciated 🙏

  • @lakshmikanthreddy9496
    @lakshmikanthreddy9496 Год назад +1

    Thanks for the nice video. The moderator has put enough effort to get many scenarios covered. Great work.

  • @maheshnair208
    @maheshnair208 3 года назад +16

    Sir, I really find this video very useful. I was desperately looking for these answers, thank you for bringing this up. Also pls could you make videos pertaining to:
    1. How does Mutual fund co. Deduct tax when we redeem our investments considering all the investments made are throguh NRE or NRO account for income earned outside India. Also what are our obligations on the tax. Can I get any refund on the tax if my overall tax liability is below 250k lacs
    2. While I invest for long period say 10 to 15 years and then I move to India, how should inwothdraw my investments. How will the tax structure behave if I redeem after I have moved to India
    2.

  • @mageshg6358
    @mageshg6358 3 года назад +6

    24.00 to 27.00 is the most important part of this topic … Investing in shares with NRE money..

  • @joevarkey2199
    @joevarkey2199 2 года назад +1

    Very informative with the simplest manner of imparting. Well done 🎉 Many Thanks 🌹

  • @ps2050
    @ps2050 3 года назад +1

    Well researched video on doubts that an NRI faces - good content coverage !!

  • @nikhilgujar
    @nikhilgujar 3 года назад +19

    Excellent. Most countries have calendar year taxation, however, in India, we follow Mar to Apr. Thus Jan to Mar will be taxed in other country next year. This aspect needs to be addressed

    • @alokchakrabati
      @alokchakrabati 3 года назад

      Excellent communication skill.

    • @hidayatullamulla1691
      @hidayatullamulla1691 Год назад

      Ki in

    • @Tam-hb7sm
      @Tam-hb7sm 3 дня назад

      Calendar year wise tax credit is difficult to understand. Should NRI go by Indian financial year while reporting to make it simple?

  • @jpbhartia1741
    @jpbhartia1741 3 года назад +3

    In future videos please clarify the difference between residential status of an NRI , as determined by FEMA and INCOME TAX Act

    • @sriramrao2514
      @sriramrao2514 3 года назад

      Information that you have asked in available in above video as well as below videos
      ruclips.net/video/pmc_WXBQ_f8/видео.html
      ruclips.net/video/pKQKwtwvUH4/видео.html
      ruclips.net/video/fDF2ZsFM-cM/видео.html

  • @SuperHarish2009
    @SuperHarish2009 Год назад

    What a wonderful team! All aspects relating to the topic has been explained well and in simple terms. Thanks!

  • @nagarajubhagavatula4072
    @nagarajubhagavatula4072 2 года назад +1

    Narration about taxable income for NRI s and all relevant details are well explained in simple English and without any gossip.
    Thank you sir.
    I am subscribing your channel.

  • @minisuresh1969
    @minisuresh1969 3 года назад +4

    Thanks for the clarity 🙏🏻- I am an NRI and always had doubts whether I need to file ITR as my income accrued in India was less than 2.5 lakhs

  • @vimalkartoyle2108
    @vimalkartoyle2108 3 года назад +3

    Thanks for the video, it was very informative. Appreciate if you would do a video covering all issues related to a NRI returning for good. What he should to as a first time tax filer. What will happen to his NRE FDs and the interest accruing after he has returned. How long can he maintain NRI status after returning.

    • @gatherer532
      @gatherer532 2 года назад +1

      Hi ,I too have Same Query , Did you Got the answer, kindly Tell

    • @ihgamingfun6295
      @ihgamingfun6295 2 года назад

      Yes, I have got👍🏼👍🏼

  • @jk-qg9cr
    @jk-qg9cr 3 года назад

    Thank u very much for the video, it is very helpful for our NRI friends. We shall be happy to get such useful information

  • @nanditachoudhury4979
    @nanditachoudhury4979 3 года назад

    Thank you for this correct helpful information .Looking forward for more videos on NRI money .

  • @MyLogic677
    @MyLogic677 3 года назад +3

    Sir, What is the criteria to be able to declare as an NRI? How to convert your savings bank account in India to NRE and NRO when once one goes to abroad? Please guide.

    • @sriramrao2514
      @sriramrao2514 3 года назад

      Conversion of savings bank a/c to NRO is governed as per your residential status under FEMA. Please check this video to understand how to determine one's residential status under FEMA.
      ruclips.net/video/pmc_WXBQ_f8/видео.html
      A simple instruction to your banker though an e-mail would suffice along with such other documents as required by the banker for conversion of resident account to NRO.

  • @baaalaa
    @baaalaa 2 года назад +3

    Thank you discussing on this topic, well explained! Let's say my income from India is less than 2.5L, Is there any limit (should be less than RS 10k) to claim TDS deduced from NRO account ?

    • @sriramrao2514
      @sriramrao2514 2 года назад +2

      No such limit for non-residents...

    • @baaalaa
      @baaalaa 2 года назад

      @@sriramrao2514 Thank you for your reply! As per 80TTA only 10k is allowed to claim , since my income is less than 2.5L so I can claim TDS deduced from NRO account. Is my understanding correct ?

    • @sriramrao2514
      @sriramrao2514 2 года назад +1

      @@baaalaa Yes..

  • @seshadrinathanrama2241
    @seshadrinathanrama2241 3 года назад

    Superb..!! It is really very useful. All my questions are answered. Thank you so much for this discussion and clarifications.

  • @parvatikarav2612
    @parvatikarav2612 3 года назад

    Very clear and detiled info.
    Thank you Mr. Bhat and Mr. ShriRam.

  • @rajeshsoman9393
    @rajeshsoman9393 3 года назад +3

    Mr Sriram, thank you for the video. A quick question, I have invested in pension scheme with bank in India. The pension will start kicking in from this year. Since the pension is being paid in India do I consider this as part of my income in India?

    • @alex3fca
      @alex3fca 3 года назад

      Yes. It will be part of Income.

    • @msquare169
      @msquare169 2 года назад

      Similar question....I have invested in PPF....which will be matured in couple of years. Will it be taxable when matured. when I started I was resident but currently NRI

    • @rakeshroshan9721
      @rakeshroshan9721 2 года назад +1

      @@msquare169 PPF is tax exempt at all 3 points

  • @ilyas198105
    @ilyas198105 3 года назад

    Thank you very much, I really appreciate it, the questions you asked, I felt are all from me.

  • @Billionaireby2030
    @Billionaireby2030 4 месяца назад

    Im very fortunate to be a subscriber of this wonderdul channel. Thank you dr chandrakanth and our guest sriram

  • @sreekumar3344
    @sreekumar3344 3 года назад

    Wonderful explanation. Thank you so much.

  • @valeriegodinho5647
    @valeriegodinho5647 Год назад +1

    Thank you Sir. You have explained it very clearly . You have done a great job!

  • @ganapathyiyersubramanysubr1268
    @ganapathyiyersubramanysubr1268 Год назад +1

    very useful talk on filing tax return for NRI. Very clearly explained. Thank you.

  • @adityasarma4425
    @adityasarma4425 Год назад +2

    Very useful presentation sir .Dhanyawad sri Rama Rao and ur revered channel.

  • @shamlinglimbhare
    @shamlinglimbhare Год назад +1

    Thank You Sir both of you for clarifying all our doubts.

  • @RolandAlemaoFCCAUKCPACGA
    @RolandAlemaoFCCAUKCPACGA 7 месяцев назад

    Wonderful presentation by Dr. C. Bhat and CA Sriram Rao. This technical information will help many NRI's.

  • @rahulsinha7151
    @rahulsinha7151 3 года назад

    Very informative video. Many thanks to both of you! :)

  • @sajeevkumar6672
    @sajeevkumar6672 Год назад

    Thanks a lot Sir, this interview washout my all doubts ..super..

  • @damuruga9777
    @damuruga9777 3 года назад

    Very useful information
    I was a NRI retired on1st April 2021 during my NRE status every assessment year I am filling the tax returns to get back my TDS which detected by the way of capital gains taxes.

  • @vinikrishna5813
    @vinikrishna5813 3 года назад +1

    Thank you for your clarification

  • @shavis4811
    @shavis4811 2 года назад +1

    Very clean , clear crisp explaination. Thank you so much!!

  • @syedammarhusainrizvi7005
    @syedammarhusainrizvi7005 Год назад

    Really very nice discussion of both of you . Thanks

  • @Mannuvideos
    @Mannuvideos 2 года назад

    Excellent presentation thanks for such knowledge

  • @6710rohit6710
    @6710rohit6710 3 года назад

    Explained the topic with excellent clarity.

  • @lovelykumar445
    @lovelykumar445 2 года назад +1

    Excellent video. Explained very clearly twice .very much helpful

  • @saranrajendran696
    @saranrajendran696 Год назад

    Wonderful explanation, all topics are covered, all my doubts are cleared, great. Worthy video

  • @vparikh33
    @vparikh33 3 года назад

    Excellent - very informative discussion.

  • @manickamsundaresan4609
    @manickamsundaresan4609 2 года назад

    Very good program and much useful information. Thanks.

  • @gedelasasibhushanarao3863
    @gedelasasibhushanarao3863 2 года назад

    Excellent clarifications by way of examples to make the understanding of the subject

  • @amitkumarshah5521
    @amitkumarshah5521 7 месяцев назад

    Excellent explanation, thank YOU both Sirs! 🙏🙏

  • @mangaldesai5506
    @mangaldesai5506 2 года назад +1

    Thanq for the guiding videos.

  • @MohitAgarwal-zt6xf
    @MohitAgarwal-zt6xf Год назад

    Thank you for clearing taxation related doubts 😊

  • @sumathyittekotpadickaparam4560
    @sumathyittekotpadickaparam4560 Год назад +1

    Very well explained tthnks to both of you

  • @sumitdesai9265
    @sumitdesai9265 Месяц назад

    again, great video!!!! I have been seeing videos from this channel and it is always very very useful. A ton of thanks to both of you!!!

  • @sachinhardikar18
    @sachinhardikar18 3 года назад

    Very nice video. Thankyou sir! 👍🙏

  • @sathyamoorthy2249
    @sathyamoorthy2249 2 года назад

    Very informative. Clear explanation. Thank you

  • @aiyazahamed
    @aiyazahamed 2 года назад

    Really very useful & good explanation.
    Thank you 👍👍👍

  • @serenitysound1990
    @serenitysound1990 2 года назад

    The best video I ever seen. Thanks for making such a nice video.

  • @msam9583
    @msam9583 Год назад

    Thank you for giving us the Great in depth information...indeed helpful.

  • @chanchalsinghsahni2377
    @chanchalsinghsahni2377 3 года назад

    Excellent presentation about NRI taxation.

  • @1974xaviers
    @1974xaviers 3 года назад

    Your video was very informative..... Thanks 😊

  • @georget44
    @georget44 3 года назад

    Thank you, happy to know that LTCG/STCG tax deducted at source for sale of shares/dividends/redemption of MF is closing your Tax obligation and no need to file IT if no other income above 2.5lakhs are there.

    • @majeedkallarbe3086
      @majeedkallarbe3086 2 года назад +1

      even though no need to file an income tax return but while redeeming units from a mutual fund; the AMC will deduct directly without looking whether it is below 1 lakh rupees or not; they will directly deduct TDS for whatever may be the gain;

  • @richardbarnes4632
    @richardbarnes4632 Год назад

    Dr Chandrakant and Mr. Sriram very clear explanation

  • @muniesprabu2186
    @muniesprabu2186 3 года назад +1

    Useful information. thanks

  • @jassycarera3197
    @jassycarera3197 3 года назад

    Thank you for important information!!

  • @dpsm2008
    @dpsm2008 Год назад

    Thanks for explanation !! Very informative video.

  • @hchetri3847
    @hchetri3847 Год назад +1

    Thanks.. so clear!

  • @barasra8847
    @barasra8847 2 года назад

    Sir, thanks good discussion, there are many deductions which goes in very detail. one is property maintenance deduction from rental income may be mentioned. thanks.

  • @fanpolitics6140
    @fanpolitics6140 Год назад

    Such nice presentation 👏🏽thankyou Dr bhat

  • @shamshadbahadur692
    @shamshadbahadur692 2 года назад

    NRE Interest is Tax Free u/s 10(4) of IT Act, however while filing return one should declare the NRE Interest as Exempt Income (EI) in Schedule EI of ITR form.

  • @sridharsridhar1230
    @sridharsridhar1230 2 года назад

    Good clarity with examples.

  • @vidyutmankodi5159
    @vidyutmankodi5159 2 года назад

    Very nicely explained. Thank you Sir.

  • @sankaranarayanank.p2249
    @sankaranarayanank.p2249 Год назад

    Very clear clarification. Thank you.

  • @shashikantpatel3746
    @shashikantpatel3746 3 года назад +1

    VERY VERY GOOD PRESENTATION

  • @BhaGeeSau
    @BhaGeeSau 2 года назад

    Mr. Shriram... I've no more doubts. 😊
    Thanks Doc! 👍
    .

  • @rohansivon
    @rohansivon 3 года назад +1

    This is a very important topic and I believe you have covered all aspects of it.. thank you.

  • @j.r.6517
    @j.r.6517 2 года назад

    Well explained. Very helpful. Thanks,👍

  • @hameedhussaini4041
    @hameedhussaini4041 3 года назад +1

    Thank you for your efforts it is very informative.

    • @JJ-bv6dq
      @JJ-bv6dq 2 года назад

      I have a question
      If we have joint NRO account can only one person file taxes & pay taxes

  • @Anitayadav-lg1oh
    @Anitayadav-lg1oh 2 года назад

    Thank you, very informative.

  • @miliindkulkarnii929
    @miliindkulkarnii929 11 месяцев назад

    Really helpful..Thanks a lot Sir!!!

  • @KalyanKumar-dt2id
    @KalyanKumar-dt2id 2 месяца назад +1

    I cleared all my doubts and worries

  • @RajuKumar-bi5xl
    @RajuKumar-bi5xl 2 года назад

    Thanks for advice 🙏🙏🙏

  • @manuzidane
    @manuzidane 3 года назад +1

    Very informative 👍🏼

  • @shrikanthnaik9522
    @shrikanthnaik9522 3 года назад

    very good information sir. so many issues cleared

  • @sgketan
    @sgketan 3 года назад

    Very good info explained very nicely.good job

  • @jogroopsingh3841
    @jogroopsingh3841 2 года назад

    You are the best. Thanks for the video

  • @sachinsribsbio2470
    @sachinsribsbio2470 3 года назад

    Wonderful video. Very informative.

  • @Just_forfun9140
    @Just_forfun9140 3 года назад

    You both are excellent. Thank you very much.

    • @NRIMoneyClinic
      @NRIMoneyClinic  3 года назад

      You are most welcome. Please subscribe and keep sharing the videos

  • @mohennarayen7158
    @mohennarayen7158 3 года назад

    Thank you..very worthwhile..

  • @spatel3418
    @spatel3418 Год назад

    Excellent discussions. it really helped.

  • @nibuthomas4948
    @nibuthomas4948 2 года назад

    Thank you for the informative video