double taxation – DjSaavn

Can I revise my income tax return to claim certain DTAA benefits?

September 24, 2024 by djsaavn_jvd36z

I filed my income tax return (ITR) as a non-resident Indian (NRI) and it has been processed. If I want to revise the ITR before 31 December do I need to file an updated ITR? I forgot to show some interest income that is taxable at 12.5% under a double taxation avoidance agreement (DTAA). – … Read more

Avoiding double tax on Kisan Vikas Patra interest: ITR filing tips

September 22, 2024 by djsaavn_jvd36z

You will need to disclose only the interest accrued during the current year on the certificate and not the interest received on withdrawal as you have already offered the interest on accrual basis in the earlier years. This interest will be taxed as income from other sources and will be disclosed in Schedule OS (other … Read more