NRI Return Filing · Panaji, Goa
NRI required to file an Indian income tax return? Our Chartered Accountants in Goa file your Indian income tax return as an NRI — selecting the correct ITR form, reconciling TDS credits, claiming DTAA benefits, completing capital gains schedules and e-verifying — so your return is accurate, complete and filed on time.
Overview
For NRIs, filing an Indian income tax return involves several steps that go beyond what a resident taxpayer deals with: correct residential status declaration, Schedule FA (foreign assets), TDS reconciliation across NRO accounts and property transactions, DTAA relief claims with TRC and Form 10F, capital gains computation for shares and property sold during the year, and often multiple sources of Indian income across different tax rates. Getting all of this right — and filing on time — determines whether you get your TDS refund, carry forward your losses, and stay fully compliant.
This topic is part of our broader NRI tax filing overview and exempt income for NRIs guidance for non-residents and overseas Indians.
What's covered
End-to-end guidance and compliance for non-resident Indians.
Book a free consultation →Determining the correct ITR form — typically ITR-2 for NRIs with capital gains and foreign assets, or ITR-3 for business income.
Correctly declaring NRI, RNOR or Resident status in the return and computing the scope of taxable income accordingly.
Matching Form 26AS and AIS TDS credits with actual income and identifying excess TDS available for refund.
Computing short and long-term capital gains on shares, mutual funds and property with correct cost indexation and exemption claims.
Completing the mandatory foreign assets schedule and foreign source income schedule for NRIs with overseas holdings.
Filing the return online and completing e-verification using Aadhaar OTP, net banking, bank account EVC or DSC.
Our process
We collect details of all Indian income, TDS certificates and capital gains.
We compute tax liability and reconcile TDS credits from Form 26AS.
We complete all schedules including capital gains, FA and FSI.
We file online and complete e-verification to make the return valid.
Frequently asked questions
An NRI must file an Indian income tax return if: their total income from Indian sources (before deductions) exceeds ₹2.5 lakh in the old tax regime; they have earned capital gains on Indian assets (even below the exemption limit, if TDS has been deducted); they wish to carry forward capital losses; or they have TDS deducted and wish to claim a refund. Even if not legally mandatory, filing is often beneficial.
Most NRIs use ITR-2, which covers salary income from India, house property income, capital gains on shares and property, other income, and has schedules for foreign assets (Schedule FA) and foreign source income (Schedule FSI). If the NRI has business or professional income in India, ITR-3 is used. ITR-1 (Sahaj) is not available for NRIs.
Schedule FA (Foreign Assets) is a mandatory disclosure schedule in the ITR for Resident and Ordinarily Resident taxpayers disclosing foreign bank accounts, foreign equity/debt interests, and other foreign assets. NRIs are not required to fill Schedule FA for assets held outside India — only Residents with global income must disclose foreign assets. However, NRIs must correctly declare their residential status to ensure this schedule is not incorrectly triggered.
Yes. The income tax return is filed entirely online through the income tax e-filing portal (incometax.gov.in). E-verification can be done using net banking, bank account EVC, or by sending a signed ITR-V acknowledgment to CPC Bengaluru within 30 days if electronic verification is not possible. We handle the entire filing process on your behalf from our office in Goa.
The standard deadline for NRIs to file their income tax return (without audit) is 31st July of the assessment year. If the return involves audit (business income exceeding prescribed thresholds), the deadline is 31st October. A belated return can be filed until 31st December, with interest under Section 234A. We ensure your return is filed well ahead of the deadline.
Tax refunds for NRIs are credited directly to the Indian bank account (NRO or NRE account) linked to the PAN and validated on the income tax portal. Refunds are not sent abroad — they are credited to the Indian account. The NRI can then transfer the refund from NRO to NRE account and repatriate it subject to FEMA limits. Ensuring the correct bank account is linked on the portal is essential.
Yes. NRIs can opt for the new tax regime under Section 115BAC, which offers lower slab rates but without most deductions. However, NRIs taxed under Chapter XII-A (special provisions with flat rate on investment income) cannot simultaneously claim the new regime benefits. We assess which regime results in a lower effective tax rate for your specific income composition.
Contact N D Savla & Associates in Panaji, Goa. We handle the entire NRI return filing process — from collecting your income data and TDS certificates to preparing all schedules, computing capital gains, applying DTAA relief and e-filing your return — completely remotely, with a secure and transparent process.
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Book a free consultation with a qualified Chartered Accountant in Goa. We'll prepare and file your complete NRI income tax return — no obligation.