Can an NRI still file a revised IT return?
Live MintI am a non-resident Indian. I received an email from the income tax department under e-campaign to address my mismatch in income as offered in my original return with the annual information statement /taxpayer information statement. -Name withheld on request It is a common misconception that switching mutual funds does not result in capital gains simply because money does not get directly credited to the bank account. -Name withheld on request An individual is considered a resident of India if they stay in India for 182 days or more in the current fiscal year or if they stay for more than 60 days in the current fiscal year coupled with a stay of 365 days or more in the preceding four fiscal years. Since your stay during 2024-25 in India is not likely to be 182 days or more, neither has your stay during the past four fiscal years amounted to 365 days or more, you will continue to remain a non-resident for 2024-25.
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