• Foreign Account Disclosure

I stayed for 143 days in India in last financial year and then came to US as a part of work assignment from my company. Prior to coming here I was in India for more than 5 years. Current I have salary accounts in US , do I need to declare them while filing returns in India.
Asked 9 years ago in Income Tax

yes

Shyam Sunder Modani
CA, Hyderabad
1409 Answers
164 Consultations

The disclosure of foreign account transactions is mandatory only for Residents.

B Vijaya Kumar
CA, Hyderabad
1018 Answers
124 Consultations

Since you are not a resident during last financial year, you may not disclose foreign account.

Vijay N. Kale
CA, Hyderabad
248 Answers
13 Consultations

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