FINANCIAL YEAR 2010-11 ASSESSMENT YEAR 2011-12

I am a non-resident for tax purposes for the year 2009-2010. My income earned in India during that period was salary + dividends from mutual funds + interest income from savings accounts and Fixed Deposits. I hear dividends from mutual funds are non taxable as I will not be redeeming them before five years from purchase date.

Hi,

I have been working in UK for the last 4 years (I am still in UK) and did not file my returns during this period as some one has advised that I can do so the same once I return to India. For these 4 years I get only basic pay in India for which my employeer deducts tax on source. I do have lot of savings and Home Loan so in effect I should be gettign a refund from IT department.

FINANCIAL YEAR 2005-06 ASSESSMENT YEAR 2006-07

FINANCIAL YEAR 2006-07 ASSESSMENT YEAR 2007-08

FINANCIAL YEAR 2007-08 ASSESSMENT YEAR 2008-09

FINANCIAL YEAR 2009-10 ASSESSMENT YEAR 2010-11

You should prepare your income tax returns first before filing the same. You can prepare your tax returns here.

Once you have prepared your returns, you should download your returns and save them to your computer (local disk) and then proceed to file them with Income tax department.

In this episode Subhash Lakhotia talks about some good tax saving tips.
He talks about -
1. What to do with taxes during Diwali Gift
2. How to deal with gifts from relatives
3. How to deal wtih loan from NRI relative
4. How to deal with Short term loss due to share
and more ..

Video: