Process of Data Feeding in NRI Provision

Zen IT || Process of Data Feeding in NRI Provision

Info
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.
Idea
NRI Provision Data Feeding Process:
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Step 1:
Go to Transactions → NRI Provisions:


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Step 2:
Feed the income by following these steps:
  1. Select the Section.
  2. Click on the three dots (…) to open the annexure.
  3. Click on the amount column.
  4. Press F4 to enter the date-wise breakup.

Hope This Helps.

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