NRIs: What to do if you received a notice from the Indian income tax department

  • Date: 06-Apr-2022
  • Source: Gulf News
  • Sector:Economy
  • Country:UAE
  • Who else needs to know?

NRIs: What to do if you received a notice from the Indian income tax department

Dubai: Some UAE-based Indian expats have been mailed notices from the income tax department in India relating to their previous investments in India and ‘residential statuses’, and this has raised concern among non-resident Indians (NRIs) on what the next step should be if they get such notices. Here’s what you should know when it comes to what needs to be done if you are a NRI and have received such a notice from the Indian income tax department, as it is vital to know how to respond to them given that there was some confusion around doing them last year as well. In their emailed notifications, the income tax department is particularly scrutinising the ‘residential’ status of NRIs and are sending them notices to assess or re-assess any taxable income or investments they have in India, which either have earlier been overlooked or missed from being disclosed. The NRIs who got the email are also asked to re-assess the last five to six years of yearly disclosures or incomes tax returns (ITRs) that were filed on their investments in the country. The income tax department had earlier revealed that they started reopening old tax assessments with the help of a