My daughter is studying in the US since 20th August 2023. She has to file ITR for the Assessment Year 2025-2026. Please guide which ITR form she has to file. She has income from salary paid by her previous employer in India, interest income from FD, income from dividends, intrest on PPF and stipend in the US in dollars. Also please indicate in which section of Exempt Income she has to declare intrest earned on PPF and stipend income in the US. Her gross total income in India amounts to Rs 256000.
Hey @Alok_Chatterjee
She will be treated as a Non-Resident (NRI) for tax purposes. As an NRI, only the income that is earned or accrued in India will be taxable. She will be required to file ITR-2. Any exempt income should be reported under Schedule EI of the return.
Hope this helps!
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