Indian expats in the UAE: Should I file ‘zero tax return’?

Indian expats in the UAE: Should I file ‘zero tax return’?

Dubai: Are you an Indian expatriate living in the UAE? If so, you may have wondered about whether or not you should be filing a 'zero tax return'? Non-resident Indians (NRIs) are required to file taxes on their earnings, . However, even if you do not have earnings that require you to file taxes, it is not a bad practice to file zero tax returns, according to Dixit Jain, founder of The Tax Experts, a Dubai-based tax consultancy. This is because having a running file with the Indian Income Tax (IT) department can be helpful for expatriates planning to settle in Indian. “Whenever you go back to India for good, the IT department will have details of your earnings and know that you have been an NRI for those years, so your records will be updated with the tax department. It is also easier to get housing loans, as banks ask you for your tax details. I would highly recommend everyone to file tax returns, even if you have incurred losses in a particular year on your investments. The losses from one year can be carried forward to the next, if they are on your record, to offset any profits