manamthoupule Posted December 26, 2022 Report Posted December 26, 2022 Does NRI need to file ITR in India if he buys an apartment in India? He recently bought an under construction apartment in Hyderabad. The builder paid 1% TDS on his behalf. Now does he need to file ITR for this ? He don't have any other income in India. Few days back he received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23. Can he select Not liable to file return of Income in AIS portal ? Please help. Quote
manamthoupule Posted December 26, 2022 Author Report Posted December 26, 2022 Experts please help. Quote
vithanda_vadhi Posted December 27, 2022 Report Posted December 27, 2022 21 hours ago, manamthoupule said: Does NRI need to file ITR in India if he buys an apartment in India? He recently bought an under construction apartment in Hyderabad. The builder paid 1% TDS on his behalf. Now does he need to file ITR for this ? He don't have any other income in India. Few days back he received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23. Can he select Not liable to file return of Income in AIS portal ? Please help. As far as I know, he doesn't have file ITR if he doesn't have any taxable income in India. TDS is paid against builder's PAN. Builder will claim it in his tax returns. Quote
ABpropertyconsultenc Posted December 27, 2022 Report Posted December 27, 2022 Ammina builder file chestadu.. Quote
VendyHalwa Posted December 27, 2022 Report Posted December 27, 2022 buy the property and don't tell income tax. Quote
manamthoupule Posted December 27, 2022 Author Report Posted December 27, 2022 @vithanda_vadhi @ABpropertyconsultenc Thanks for the cofirmation. Few days back he received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23. It just asked him to confirm the property purchase transaction and TDS amount and confirm whether he filed ITR or not in AIS portal. Can he select Not liable to file return of Income in AIS portal ? Quote
ABpropertyconsultenc Posted December 27, 2022 Report Posted December 27, 2022 29 minutes ago, manamthoupule said: @vithanda_vadhi @ABpropertyconsultenc Thanks for the cofirmation. Few days back he received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23. It just asked him to confirm the property purchase transaction and TDS amount and confirm whether he filed ITR or not in AIS portal. Can he select Not liable to file return of Income in AIS portal ? Not liable emundi.. Mee okkarike kaduga chala mandiki sale chestaruga... It's builder responsibility.. Quote
manamthoupule Posted December 27, 2022 Author Report Posted December 27, 2022 38 minutes ago, ABpropertyconsultenc said: Not liable emundi.. Mee okkarike kaduga chala mandiki sale chestaruga... It's builder responsibility.. @ABpropertyconsultenc My question is since he received the email from Income tax department what should he select in AIS portal ? Quote
vithanda_vadhi Posted December 27, 2022 Report Posted December 27, 2022 1 hour ago, manamthoupule said: @ABpropertyconsultenc My question is since he received the email from Income tax department what should he select in AIS portal ? Yes. He can use not liable to file IT. If he has transferred money through NRO/NRE accounts he will have clear paper trial. 1 Quote
manamthoupule Posted December 27, 2022 Author Report Posted December 27, 2022 4 hours ago, vithanda_vadhi said: Yes. He can use not liable to file IT. If he has transferred money through NRO/NRE accounts he will have clear paper trial. @vithanda_vadhi Thanks bro. Quote
jathin Posted December 28, 2022 Report Posted December 28, 2022 On 12/26/2022 at 8:25 AM, manamthoupule said: Does NRI need to file ITR in India if he buys an apartment in India? He recently bought an under construction apartment in Hyderabad. The builder paid 1% TDS on his behalf. Now does he need to file ITR for this ? He don't have any other income in India. Few days back he received an email from Income tax department regarding e-Campaign - Non-filing of Income Tax Return for AY 2022-23. Can he select Not liable to file return of Income in AIS portal ? Please help. If TDS is paid using your PAN. Then you need to file ITR. You need to report source of income for buying the property. Quote
manamthoupule Posted December 28, 2022 Author Report Posted December 28, 2022 8 hours ago, jathin said: If TDS is paid using your PAN. Then you need to file ITR. You need to report source of income for buying the property. @jathin Bro, 1% TDS is paid by builder against his PAN. He can claim that in his ITR. Where should we report source of income for buying property in ITR. I don't see any option? This doesn't say we need to file ITR when we buy property as NRI in India. Quote
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