NRI INCOME EARNED OUTSIDE INDIA

Share
Share This Thread
  1. Deepak Chitnis

    Deepak Chitnis New Member

    1. I am an NRI working outside India. I have salary income outside India which is not taxable in India. Do I have to disclose salary income in ITR 2 as exempt income.? Also what about investment income earned outside India in foreign currency?
     
  2. ZED

    ZED Well-Known Member

    It does not require any disclosure.
    It is not an exempt income but its an income which is not chargeable to tax. Exemption is provided to income chargeable to tax.

    If the income is not received in India then it shall not be taxed.[Repatriation is allowed without any taxes.]
     
    1. Salary income earned outside India need not be declared in tax return as exempt income
    2. Investment income earned outside India in foreign currency also need not be offered to tax in India
    Thanks!
     
Draft saved Draft deleted
Loading...