What Indian expats need to know about income tax returns

What Indian expats need to know about income tax returns

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If you are an Indian living in the UAE, and have a PAN card you may be wondering whether you need to submit income tax returns or not?

Deepak Bansal, associated with Ask Pankaj Tax Advisors, UAE explains the process in detail and what can and cannot be done.

There is a general misunderstanding that an income tax return need not be submitted if there is no taxable income in India. A non-resident Indian (NRI) could be required to submit an income tax return in certain scenarios even if there is no tax payable to the government (Ref: income tax rule 12AB).

For example, where the total deposits during a financial year in the NRI’s savings bank account (including NRE/NRO account) exceeds Rs 5 million, he/she is required to submit an income tax return. The deposits could be from any source such as remittance from UAE or a sale of property in India etc.

Another scenario covers a situation where the tax deducted as source (TDS) during the financial year is Rs 25,000 or more. It is important to note that the TDS