www.goa-world. com GULF-GOANS e-NEWSLETTER (since 1994) >>http://www.yahoogroups.com/group/gulf-goans/ www.colaco.net >>http://www.live365.com/index.live >>Tumcam Maie-mogacho ieukar. Stay tuned to Gulf Goans e-Newsletter - everyday >>someone, somewhere learns a >>little.....________________________________________________________________________________ >> THOUGHT FOR THE DAY: You must speak straight so that your words may go as >>sunlight to our hearts. > > > > > ‘NRI’-an Bharot ‘Tax Returns’ Kednam ‘File’ Korpachem? > > >Julay 31 ho 2012-2013 arthik vorsa (financial year) khatir yennavoll ‘tax >returns file’ korpacho nimanno dis. Tum tor ‘Non Resident Indian (NRI), ani >tunvem ‘tax returns file’ korunk zai vo naka tem tum chintai zalear, khala >dilolem margdorxon tuka faideachem zait. > > >Tunvem Bharotant ‘tax returns file’ korunk zai? >Tum tor ‘NRI’, ani khala dilolem khuinchem-i kondisanvam (condition) tuka >lagu zata zalear tunvem 2012-2013 arthik vorsa khatir yennavoll ‘tax returns >file’ korcho poddtolo: >- 2012-2013 arthik vorsa Bharotant tuji ‘tax’ lagu zavpi yennavoll 2 lak >rupyam poros chodd asa zalear VO >- Duddvanchi guntvonnuk (investment) korun vo vostu vikun tunvem mottvea vo >lamb kalla khatir duddvancho faido zoddla zalear, ani to faido mullavi sutt >(basic exemption) diunk ghalole xime poros-ui unno zalo zalear legit ‘tax >returns file’ korcho poddtolo. >“Mhonnche, Bharotant ravpiank pirayecher vo lingacher (gender) adarun ji >veg-veglle torechi suttachi (exemption) sovlot mellta ti ‘NRI’-ank mellonam. >Dusrem, ‘NRI’-an duddvanchi guntvonnuk (investment) korun vo vostu vikun >mottvea vo lamb kalla khatir duddvancho faido zoddla zalear, ani ti puray >yennavoll mullavi sutt diunk ghalole xime poros unni legit aslear taka ‘tax’ >lagu zata. 15% ‘tax rate’ aslolea ‘equity shares’ ani ‘equity mutual funds’ >hancher mottvea kalla khatir ghetlolea duddvanchea faideak hem lagu zata. >Zanchi ‘tax rate’ 20% vo 10% asta tea ‘securities’ ani ‘assets’ hanchevelean >lamb kalla khatir zoddlolea duddvanchea faideak-ui hem lagu zata,” oxem H&R >Block India hacho Direktor Vaibhav Sankla spoxtt ritin sangta. >Haka kitem-i opvad (exception) asa? >Hoi, don opvad asat: >- Tumchi ‘tax’ lagu zavpi yennavoll fokot tumi guntvonnuk kelea tacho jur asa >ani/vo duddvanchi yennavoll zalear, ani te yennavollicho mullantuch ‘tax’ >ghetlam zalear tunvem ‘tax returns file’ korchi goroz nam. >- ‘Equity shares’ vo ‘equity mutual funds’ vikun tunvem lamb kalla khatir >faido zoddla zalear tunvem ‘tax returns file’ korchi goroz nam. Mhonntoch, >tunvem tem tujea ‘tax return’-ant ghalchi goroz nam. >Bud: Tum tor duddu porot gheunk sodtai zai zalear tujean ‘tax return file’ >korunk zata. Kaidean lagu zavpi ‘tax’-a poros mullant ghetlolem ‘tax’ chodd >asa zalear tednam oxem zaum yeta. Somzum-ia, vorsantli tumchi ‘tax’ lagu >zavpi yennavoll 2 lakh rupyam poros unni asa , punn benkin mullant tujea >jurachea duddvank ‘tax’ lagu kela zalear tujean tuzo ‘tax return file ’ korun >te ‘tax’-ak lagun gelole duddu porot melloum yetat. Zorui tuka duddvancho >faido zala tacher vhoddlem luksonn zalam zalear-ui tujean tuje ‘tax’-ak gelole >duddu porot melloum-ia yetat. Duddvanche nodrentlean faido mell’lla tacher >mullant ‘tax’ lagu kelam zait, punn tea faideacher tuka zalolem luksonn kuxik >dovrun (vo fuddem vhorun) tuka lagu zavpi ‘tax’ unnem korunk zata. Osli >poristhiti zalea zalear tunvem ‘tax returns file’ korunk zai. > > >Bharot ‘Tax Returns File’ Korpachi Xevottachi Tarik Kednam? >Julay 31 hi 2012-2013 arthik vorsa khatir yennavoll ‘tax returns file’ >korpachi nim’nni tarik. Punn, khala dilolea gozalincho ugddas dhor: >- Tuka tor koslench ‘tax’ farik korpachem nam (mhonnche mullantuch tuzo ‘tax’ >ghetla) zalear, torui 2014 vorsantlea 31 Mars porian tujean ‘tax returns’ >kosloch dondd (penalty) nastanam farik korunk zata. >- Tuka tor koslench ‘tax’ farik korpachem nam, torui tujean 2014 vorsantlea 31 >Mars porian tuje ‘returns file’ korum yetat, punn 2013 vorsantlea 31 Julaya >uprant tum tuje ‘tax returns file’ korunk jitle mhoine vell kaddtolo, te meren >tuka dor mhoineak 1% jur lagu zatolo. >- 2014 vorsantlea 31 Mars meren tum tuje ‘tax returns file’ korinam ani tem >korunk jitlim vorsam uxir korta, tea promannem dor vorsak 5,000 rupya dondd >(fine) lagu zatolo. > > >Tunvem adinch ‘tax’ farik korunk zai aslem? >Farik korpi ‘tax’-ant goroz to bodol korun TDS 10,000 rupya vo odik zaunk >xokta tednam vorsantlean tin apteamni ‘tax’ adinch fuddem bhorchem mhonn >‘Income Tax Act’-ant tozviz kelea. “Adinch fuddem farik korpachea ‘tax’-acho >apto bhorunk chuklear vo unno farik kelear jur lagu zata. Ho jur mhoineak 1% >asta, ani farik korpachi tarik meren lagu zata. Mhonntoch, ‘NRI’ asat tannim, >apnnem adinch fuddem ‘tax’ farik korpachem asa vo nam tachi molavnni korchi, >ani tem vellar farik kelam zalear-ui polleunchem. Nam zalear, farik korunk >nam tache khatir poddlolea juracho tannim hixeob korun, ‘tax return’ farik >korche poilim te duddu ‘deposit’ korche,” oxem KPMG India-acho Direktor >Vineet Agarwal spoxtt ritin sangta. > > > ‘Returns File’ korpachi soglleam poros bori rit khuinchi? >Tuje ‘tax returns file’ korunk tin riti asat. ‘E-filing portals’ astat tache >udexim svota tujeanuch tuzo ‘tax’ bhorunk zata. Khorem mhollear, ‘tax’ lagu >zavpi tuji yennavoll 5 lakh rupyam poros chodd asa zalear, ‘efile returns’ >ritin ‘tax’ farik korunk 2012-2013 arthik vorsa thaun ‘Income Tax >Department’-an ‘compulsory’ kelam. Tuzo ‘tax return online’ ritin ‘upload’ >korunk ‘Income Tax Department’ fukott pod’dot dita. Torui he babtint odik >sompo upay sodta zalear, farik korun ‘efiling portals’ korop boro upay. Duddu >gheun oxe toren mozot korpi ‘NRI’ asat tankam kherit sovlot ditat. >Tuka svota ‘tax returns file’ korpachi soglli rit bori kollonam zalear, tujean >te vixim adar divpiamxim vochum yeta. Tuzo ‘tax return file’ korunk tujean >vevsayik bud (professional advice) gheum yeta. > > >Xevttim, tuzo ‘tax return file’ korunk tujea itlea kallachea ani sodanchea’ >Chartered Accountant’-axim vochum yeta. > > > > >Konkani Translation by: Prof. Jose Salvador Fernandes on request of >www.goa-world.com Team (Gaspar Almeida & Ulysses Menezes). >Original article from The Times of India (TOI) as given below: > > >When should NRIs file India tax returns? >Friday, 12 July 2013 12:49 | >July 31st is the last date for filing your Indian income tax returns for the >financial year 2012-2013. If you are a Non Resident Indian (NRI) and are >trying to figure out if you need to file a tax return in India, this guide >will help you. > >Should you file returns in India? >If you are an NRI, you would have to file your income tax returns for >2012-2013 if you fulfill either of these conditions: >- Your taxable income in India during the year 2012-2013 was above the basic >exemption limit of Rs 2 lakh OR >- You have earned short-term or long-term capital gains from sale of any >investments or assets, even if the gains are less than the basic exemption >limit. > >"What this means is that firstly, NRIs do not get the benefit of differential >exemption limits on basis of age or gender that is available to Resident >Indians. Secondly, for NRIs, certain short term or long term capital gains >from sale of investments or assets are taxed even if the total income is below >the basic exemption limit. These include short term capital gains on equity >shares and equity mutual funds where tax rate is 15% and long term capital >gains on securities and assets where tax rate is either 20% or 10% without >indexation," explains Vaibhav Sankla, Director, H&R Block India. > >Are there any exceptions? >Yes, there are two exceptions: >- If your taxable income consisted only of investment income (interest) and/or >capital gains income and if tax has been deducted at source from such income, >you do not have to file your tax returns. >- If you earned long term capital gains from the sale of equity shares or >equity mutual funds, you do not have to pay any tax and therefore you do not >have to include that in your tax return > >Tip: You may also file a tax return if you have to claim a refund. This may >happen where the tax deducted at source is more than the actual tax liability. >Suppose your taxable income for the year was below Rs 2 lakh but the bank >deducted tax at source on your interest amount, you can claim a refund by >filing your tax return. Another instance is when you have a capital loss that >can be set-off against capital gains. Tax may have been deducted at source on >the capital gains, but you can set-off (or carry forward) capital loss against >the gain and lower your actual tax liability. In such cases, you would need to >file a tax return. > >What is the last date for filing India tax returns? >The last date to file returns for the financial year 2012-2013 is July 31st >2013. However, remember the following: >- If you do not have any tax payable (that is all your tax has been deducted >at source), you can still file your tax return by 31st March 2014 without any >penalties >- If you do have tax payable, you can still file your returns by 31st March >2014 but you will be charged an interest of 1% per month for every month of >delay starting from 31st July 2013 till the time you file your tax returns >- If you do not file your tax returns even by the 31st of March 2014, you may >be charged a penalty of Rs 5,000 for every year of delay. > >Should you have paid advance tax? >As per the provisions of the Income Tax Act, you must pay advance tax in three >instalments during the year in case the tax payable, after adjusting TDS is >likely to be Rs 10,000 or more. "There are interest implications in case of >default in payment of any instalments or lesser payment of advance tax. The >interest is generally 1 percent per month for the default amount and extends >till the date of payment. Therefore, NRIs should evaluate if they were liable >to pay advance tax and whether the same was paid in time. If not, they would >need to calculate the interest for default and deposit the same before filing >the tax return," explains Vineet Agarwal, Director, KPMG India. > >What is the best way to file your returns? >There are 3 ways in which you can file your tax returns. You can do it >yourself using online efiling portals. In fact, from financial year 2012-2013 >onward, the income tax department has made it mandatory to efile returns for >in case your taxable income is over Rs 5 lakh. The income tax department >provides a free method to upload your tax return online. If you are looking >for a more user friendly approach, paid efiling portals might be a good >choice. Many of these paid service providers do offer special packages for >NRIs. > >If you are not comfortable doing the entire filing by yourself, you can choose >to go to assisted preparers. You can get professional advice along with help >with filing your tax return. > >Lastly, you can opt for the traditional route where your regular chartered >accountant with whom you have a long term relationship with files your tax >return. >-TOI >================================================ > > > > >The above Konkani Translation and the News Item is forwarded for information >purposes only for the Overseas Goan Community on the suggestion of "Goan >Cultural Centre-Kuwait" www.goanculturalcentrekuwait.com Chairman, Mr. Carmo >Santos. > > >All rights reserved (c) by www.goa-world.com on the Konkani translation in >Roman Script. >Gaspar Almeida >www.goa-world.com
