Скачать или смотреть NRI Tax Compliance | VEERAPPAN -Auditor & accounting | Mathy Associates |ERODE BUSINESS NETWORK

🔍 Welcome to the ERODE BUSINESS NETWORK YouTube Channel! Here, we provide expert insights into various aspects of accounting and auditing, especially tailored for Non-Resident Indians (NRIs). 🌐💼

👨‍💼 Meet Veerapan, the owner and lead auditor at Mathy Associates. With years of experience in the field, Veerapan specializes in NRI taxation and legal matters. In this video, he sheds light on a crucial question: Is it mandatory for NRIs to file income tax returns in India, even if they have no income in the country? 🗃️💰

📌 While it's not obligatory for NRIs to file an ITR, there are specific high-value transactions that must be documented and reported by a reporting entity. These transactions may not be directly related to income, yet they hold importance. For example:

Investing over ₹10 lakh in non-residential external (NRE), non-resident ordinary (NRO), or FCNR fixed deposits.
Subscribing to shares of an Indian company or mutual funds exceeding this sum.
Acquiring immovable property in India valued at more than ₹30 lakh. 🏠💸
🗂️ When such transactions occur, the tax department may seek confirmation. Responding promptly and accurately is crucial to avoid potential issuance of a reassessment notice. Veerapan guides you through the process and offers valuable insights to ensure compliance.

For personalized legal assistance and expert advice, contact Veerapan at Mathy Associates. Your financial peace of mind is our priority! 🤝📞


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