@Shrutika_Shah Thanks, Could you please educate me on the below scenario.
Me As an NRI Giving monthly fix amount to my wife (NOT NRI) from MY NRE ACCOUNT, which she is investing in Mutual funds in under her pan card. Total amount is less than 10 lakhs annually.
*Is it mandatory for her to file ITR as she is a not working and earning any income?
*If yes than where this amount has to be declared in ITR form?
*Will there be any inquiry on the ITR to provide source of funds?
*I am as a NRI not filing any ITR in India and have no income in India.
*Or she can avoid filing the ITR?
Thanks
Hey @BBS_31,
She can file the ITR and show this income as exempt income. Even if there is an enquiry, the source of funds can be easily justified.
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Thank you so much for your helpful reply @Surbhi_Pal