Zen IT || Process of Data Feeding in NRI Provision

NRI Provision in Income Tax (India)

The taxation rules for Non-Resident Indians (NRIs) differ from those for residents. NRIs are only taxed on income earned or accrued in India under the Income Tax Act, 1961.

1. Determining NRI Status:

An individual is considered an NRI if:
They stay in India for less than 182 days in a financial year, OR
They stay for less than 120 days (for high-income individuals earning more than ₹15 lakh in India) and have spent 365 days or more in the last four years.

NRI Provision Data Feeding Process:

Step 1:

Go to Transactions → NRI Provisions:

Step 2:

Feed the income by following these steps:

Select the Section.
Click on the three dots (…) to open the annexure.
Click on the amount column.
Press F4 to enter the date-wise breakup.

Hope This Helps.