Income Tax Filing Online In India
Question: How to file tax returns in india online?
I live in Chicago USA and have an ICICI NRO account. ICICI pays good interest on this account. The only problem is that they deduct tax on whatever interest they pay.
Since I live in US and settled here, I have no income in India except this few thousand Rupees of interest. So, if I file tax returns, I will not be liable to any taxes. Does that mean that I will get back all this tax deducted at source (TDS) if I file tax returns?
How hard is it to file taxes? Can it be done online? I have a PAN number. I never used it though. I have not worked in India ever and so never paid taxes there. So, pardon my ignorance. Can this all be done online? If yes, then what is the effort and cost involved.
Thanks so much
My question was where to file? what is the site?Answer: A non resident is liable to tax in respect of income received or deemed to be received in India by or on his behalf and income that accrues or arises or is deemed to accrue or arise in India during the previous year.
for the year 2006-07, no income tax is payable if it does not exceeds 1.00 lac.
now you can file return on line. you need digital signature to file return. you dont need to spend any money except digital signature. around US 100.
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Carolyn Louper-Morris of Cyber-Study 101 defrauded the state and Kmart of more than $3 million. illegally using a tax credit.
Preparing India Income Tax Return – Part 2
