Income Tax Return of Individual Non-Resident of India having Income in India

In this article we are going to discuss which Income Tax Return (ITR) Form to be used by NRI having Income in India.

If you are Individual Non-Resident of India (NRI) and you have earned Income outside India and remit same in India same is not Taxable as not earned or accrued in India.

But if you earn or accrue any Income in India which exceeds Rs. 2,50,000/- during Financial Year (April - March) they you have to compulsorily file Income Tax Return. If you don't File Income Tax Return within Due Date then you will be liable to pay Late Filling Fees which is up to Rs. 10,000/-.

If you are having Rental Income of House Property and / or Interest Income then you have to File Income Tax Return using ITR - 2. 

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