ITR Filing for NRI in India _ NRI Income Tax Return Consultants _ ext_6817595 — LiveJournal

1. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal YKG GLOBAL POST NEW ENTRY MORE ykg global August 20 2025, 15:10 1 ITR Filing for NRI in India | NRI Income Tax Return Consultants Filing Income Tax Returns (ITR) for Non-Resident Indians (NRIs) in India is one of the most crucial financial responsibilities to stay compliant with Indian tax laws. Even if you live abroad, any income generated in India—whether through property, salary, investments, or business—may be taxable, and you must report it by filing your ITR. However, the process of ITR filing for NRIs in India is often confusing due to multiple tax provisions, Double Taxation Avoidance Agreements (DTAA), and different income classifications. At YKG Global, we specialize in simplifying NRI tax filing so that you can manage your obligations without stress. This guide covers everything you need to know aboutITR filing for NRIs in India in 2025. Who is Considered an NRI for Tax Purposes? The residential status of an individual is determined under Section 6 of the Income Tax Act, 1961. You are treated as an NRI if: You stay in India for less than 182 days during the financial year, OR You stay in India for less than 60 days in that year and 365 days in the preceding 4 years. https://ext-6817595.livejournal.com/1276.html?newpost=1 1/7

2. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal Your NRI status is crucial, as only income earned or accrued in India is taxable in India. Why Should NRIs File ITR in India? Even if you live abroad, you must file an ITR in India if you earn taxable income here. Reasons include: Mandatory Compliance – Filing ITR is a legal requirement under Indian tax laws. Claiming Refunds – If excess TDS (Tax Deducted at Source) is deducted, you can claim a refund only through ITR filing. Avoiding Penalties – Non-filing attracts penalties and interest. Loan and Visa Processing – Proof of ITRs is often required when applying for loans or visas. Double Taxation Relief – Through ITR, you can claim DTAA benefits. When is ITR Filing Mandatory for NRIs? NRIs must file ITR in India if: Total income earned in India exceeds ₹2.5 lakh (basic exemption limit). They earn capital gains from sale of shares, property, or mutual funds. They want to claim a tax refund or carry forward losses. They have TDS deducted on interest, rent, or dividends. Types of Income Taxable for NRIs in India https://ext-6817595.livejournal.com/1276.html?newpost=1 2/7

3. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal Income from Salary – If salary is received in India or for services rendered in India. Rental Income – From property located in India. Capital Gains – From sale of shares, property, or other assets in India. Interest Income – From NRO bank accounts, fixed deposits, or investments. Business or Professional Income – If the business is controlled or set up in India. Interest on NRE and FCNR accounts is tax-free. ITR Forms Applicable for NRIs ITR-2 – For NRIs with income from salary, property, capital gains, or other sources. ITR-3 – For NRIs with income from business or profession. Most NRIs use ITR-2, unless they run a business in India. Step-by-Step Process of ITR Filing for NRIs in India Determine Residential Status – Confirm if you qualify as an NRI. Collect Documents – PAN, passport, bank statements, Form 16, Form 26AS, property records, investment proofs. Calculate Total Taxable Income – Include salary, rent, capital gains, interest. Check DTAA Benefits – Avoid paying double tax on the same income. Choose the Right ITR Form – Usually ITR-2 for most NRIs. https://ext-6817595.livejournal.com/1276.html?newpost=1 3/7

4. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal File Online on Income Tax Portal – Log in with PAN, upload details, and verify. E-Verification – Use Aadhaar OTP, bank account, or NetBanking for e- verification. Documents Required for ITR Filing for NRIs PAN Card Passport (for proof of residency abroad) Indian bank statements (NRE, NRO, savings accounts) TDS Certificates (Form 16 / 16A) Form 26AS (Tax Credit Statement) Details of investments, property income, and capital gains Foreign income details (if claiming DTAA relief) Due Dates for ITR Filing for NRIs For FY 2024-25 (AY 2025-26): 31st July 2025 – Due date for filing ITR (if audit not required). 31st October 2025 – If audit is applicable. Late filing may attract penalties under Section 234F. Benefits of Filing ITR as an NRI Compliance with Indian tax laws Easy repatriation of funds https://ext-6817595.livejournal.com/1276.html?newpost=1 4/7

5. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal Eligibility for tax refunds Avoid penalties and legal issues Helps with visa and loan approvals Claim DTAA benefits How YKG Global Helps NRIs with ITR Filing At YKG Global, we specialize in NRI taxation and compliance services. Our team assists with: Determining NRI tax liability Choosing the correct ITR form Claiming DTAA relief Filing returns on time to avoid penalties End-to-end tax consultancy & support We ensure a hassle-free, error-free, and timely ITR filing process for NRIs worldwide. FAQs on ITR Filing for NRIs in India Q1. Do NRIs need to file ITR in India if they earn only foreign income? No. Only income earned or received in India is taxable in India. Q2. Can NRIs claim deductions under Section 80C? Yes, NRIs can claim deductions for certain investments like ELSS, PPF, life insurance, etc. Q3. What if an NRI does not file ITR? Non-filing can result in penalties, loss of refund claims, and difficulties in financial https://ext-6817595.livejournal.com/1276.html?newpost=1 5/7

6. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal transactions. Q4. Which bank accounts should NRIs use in India? NRIs should use NRE/NRO/FCNR accounts. Interest on NRO accounts is taxable, while NRE/FCNR interest is exempt. Q5. Can NRIs file ITR without Aadhaar? Yes. Aadhaar is not mandatory for NRIs. PAN is sufficient. ITR filing for NRIs in India is essential to stay compliant with Indian tax laws, claim refunds, and avoid penalties. While the rules may seem complex, with the right guidance, the process becomes smooth and stress-free. At YKG Global, we provide complete support for NRI ITR filing and taxation in India, ensuring compliance and maximizing your tax benefits. Email: Rishi@ykgglobal.com Website: www.ykgglobal.com Call/WhatsApp: +91 76782 77665 Offices: Delhi | Mumbai | Dubai | Singapore Previous post Import Export Code (IEC) Documents – Complete Checklist ykg global Friend 0 comments https://ext-6817595.livejournal.com/1276.html?newpost=1 6/7

7. 8/20/25, 3:17 PM ITR Filing for NRI in India | NRI Income Tax Return Consultants : ext_6817595 — LiveJournal POST A NEW COMMENT https://ext-6817595.livejournal.com/1276.html?newpost=1 7/7