fbpx
  • Home
  • >
  • Blog
  • >
  • Am I expected to report my holdings or gains in India an annual basis even if I don’t have a tax liability? If yes under what section and what forms do I need to report the same in India?

Share this

Am I expected to report my holdings or gains in India an annual basis even if I don’t have a tax liability?

Where a person is a ROR he/she is required to file his/her income tax return if the person has any kind of foreign assets.
The reporting in this regard would be as follows

1. Details of foreign assets and income from any source outside India –Schedule FA of the relevant Income Tax Return (ITR)

2. Details of Income from outside India (only in the case of resident and ordinarily resident) – Schedule FSI of the relevant ITR

Loved this? Spread the word


Related posts

Buy Tesla Stock in UAE
Stay calm, stay invested, invest more
Freshworks IPO
The top 10 best stocks to buy now (in 2021)
4 Reasons You Should Invest In Fractional Shares
Terms and Conditions for AltShiftCap Stacks
What are the TCS provisions in regards to the overseas investment made by an investor?
What are the tax implications in India where my shares get vested with my nominee in case of my death?
{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Join our 'Money is Everything' Community

and get access to investment webinars, best stocks and ETF picks, investment portfolios and more...

>