Anil Rego |388 Answers |Ask -Follow
Financial Planner - Answered on Nov 13, 2020
My daughter was NRI for F.Y. 2018-19 as well as 2019-20. She had some income in India during both F.Y.s by way of Dividend/Interest from her investments, as also capital gains from sale of shares / mutual fund units, total of which was less than Rs.1,50,000 during each of these 2 years. She was a student abroad during whole of F.Y. 2018-19. She was employed during part of F.Y. 2019-20 (less than six months) and drew income by way of salary.
1. Is she required to file return of Income in India for A.Y. 2019-20 and A.Y. 2020-21?
Anil Rego An NRI whose income is below the basic exemption limit is required to file an income tax return in India if:Please note the above since you have mentioned that there was capital gain in her account.
If yes, which ITR forms should she be using?
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