For a person who is doing subcontracting to a services firm (getting a form 16A documentation) what kind of return needs to be filed? ITR2 or ITR 4?
Thanks
India Taxes Question
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kkassociate
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- Joined: Mon Oct 05, 2009 4:45 pm
India Taxes Question
Hi,
Can anyone pl tell me, if one needs to file Indian tax returns in the following scenario? for a USC with PIO after RNOR period. Currently staying in India, Indian resident for tax purposes.
Total income for the period April 1,2010 to March 31,2011, is negative or below Rs 1.8 lakhs.
As wages are zero during this period, the Net income including short term capital losses is negative.
The only incomes are (a) dividends in USA, (b) interest income from bank savings account both in USA and India (c) short term capital losses in US brokerage account.
Thanks in advance,
jory
Can anyone pl tell me, if one needs to file Indian tax returns in the following scenario? for a USC with PIO after RNOR period. Currently staying in India, Indian resident for tax purposes.
Total income for the period April 1,2010 to March 31,2011, is negative or below Rs 1.8 lakhs.
As wages are zero during this period, the Net income including short term capital losses is negative.
The only incomes are (a) dividends in USA, (b) interest income from bank savings account both in USA and India (c) short term capital losses in US brokerage account.
Thanks in advance,
jory