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Can an NRI File an Income Tax Return in India?

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An NRI is required to file an income tax return in India if the taxable Indian income of an NRI exceeds Rs 2,50,000 in a financial year.

The last date for filing an income tax return for an NRI is the same as that for a resident Indian i.e. 31st July. An NRI can also claim deductions subject to certain restrictions.

An NRI is required to pay tax only on the Indian income and not on the income earned outside India. Thus, the interest earned on NRE and FCNR accounts is not taxable in India. Below are some of the examples of taxable income in India:

  • Salary received in India
  • Capital gains on sale/transfer of Indian assets
  • Income from an Indian house property
  • Interest on NRO savings account and Fixed Deposits

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