*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
This service is for filing of Income Tax Return for Non Residents who do not have business/profession income
Services covered :
- Cross Verification and Matching of Income with Information in Form 26AS
- Income Tax Return Filing
- E-verification of Income Tax Return
- Tax Planning Assistance
Documents Required :
- PAN Card
- Details of bank accounts including Bank Statement (NRO and NRE Account)
- Form 16 from Employer
- Details of any other income earned in India
- Document relating to tax saving investments or donations or expenses
Which ITR form is applicable for Non Resident Individuals (NRI)?
Non Resident Individuals have to file their return in Form ITR 2, if they do not have income from business and profession or else they have to file their return in Form ITR 3.
I am an NRI. I have rental income from a flat that I own in India. I am employed in the US and I receive salary income in the US. What income should I offer in India?
Since you are an NRI, only the income that is accrued or deemed to accrue to you in India will be taxable. You would not be taxed on your global income. Accordingly, you will have to pay taxes in India on the rental income from the flat situated in India. However, you will not be liable to pay any taxes on the salary income that you receive from the USA.
Do NRIs Have to Pay Advance Tax?
If your tax liability exceeds Rs 10,000 in a financial year, you are required to pay advance tax. Interest under Section 234B and Section 234C is applicable when you don't pay your advance tax.
What is the due date for filing of Income Tax Return for person covered in this service?
The original due date of Filing of Income Tax Return for person covered in this service is 31st July
E.g. For ITR of FY 2021-22, due date will be 31st July 2022.
Can I file a revised return to correct a mistake in original return filed?
Yes, return can be revised but not later than 3 months before the end of the relevant assessment year (i.e. 31st December) or before completion of the assessment whichever is earlier.
Can a return be filed after the due date?
Yes, a return can be filed after due date but not later than 3 months before the end of the relevant assessment year (i.e. 31st December) or before completion of the assessment whichever is earlier.
Is there any penalty if Income Tax Return is Filed after Due Date?
The fee for delay in filing of Income Tax Return will be Rs 5,000 if the return is filed on or before 31st December and Rs 10,000 if the return is filed after 31st December. However, late-filing fees will be Rs 1,000, if the total income of the person does not exceed Rs 5 lakh.
In addition to this, interest will also be charged if any tax payment is due.
What is ITR-V?
ITR-V is a 1-page document that you receive after e-filing your income tax return. In case you have not e-verified your income tax return, you must print, sign and send the ITR-V to the Income Tax Department within 120 days from e-filing your tax return.
I am a salaried individual and don't have a Form 16. How can I file my tax return?
You can still file your tax return. You just need to provide payslips or we can get the amount from your bank statement.
Do I need to give details of my Assets and Liabilities?
Details of assets and liabilities is required only if the income is more than Rs 50 lakhs
Extremely delightful for the services provided by you, thanks a lot in filling my return in short time.
Must take a moment to recognise and appreciate Yash who was managing my papers . He is a diligent and patient guy but on the same hand also persuasive . Appreciate these traits . Wish him all the best .
I used to previously file my ITR through a professional, but I never understood why am I paying interest in my ITR even though I had filed my returns before due date. So, I went to AJVA for Tax Consultation they explained to me why I am paying interest and guided me on the Advance Tax concept and now I give them the required estimation of income and pay advance tax. It has helped me save a lot of money and avoid interest.
I wished to file my ITR at minimal cost, so I was convinced to file it by myself. During filing I came across a lot of queries but ignored it as didn’t seem much important. However, I received a notice from IT department as I had filed a defective return. To resolve this, I contacted AJVA, they not only resolved the issue but also guided me on how to file and where I went wrong.
I run an MSME but I was unaware what is the importance of Udyam Registration Certificate and the process, after consulting AJVA I learned that it is an identity certificate which is mandatory for all MSME’s for recognition. Thankfully I registered as a MSME in time with the help of AJVA and appreciate the co-ordination from the AJVA team.
I had started a new business but I had a lot of queries on how to Incorporate a company, where to apply, what documents are required and lot of other questions. The procedure was complicated and a time taking activity, I was hesitant to hire a professional for the incorporation process. Thankfully I found AJVA and they handled the entire Incorporation process and helped me complete the same in a timely manner.
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