Clarification from CBDT (Circular dated 3rdMar, 21) regarding Residential Status of Certain Individuals For F.Y 2020-21 (A.Y 2021-22)

Many NRIs who were unable to leave India during F.Y 2020-21 due to Covid-19 outbreak were waiting for some clarification from Indian Income tax department regarding relaxation in determination of residential status. They are worried that they may end up paying taxes on the same income in both countries i.e source country and country of [...]

Why can’t we file the annual income tax return for F.Y 2019-20 in India in spite of the fact that financial year has already ended??

Hey Friends! I am daily getting emails/messages from my clients inquiring about when we will be filing their annual income tax return for F.Y 2019-20. If you are also thinking that F.Y 2019-20 has already ended in India and now it’s time to file annual income tax return in India then you are right. But….

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