Please remember that IT Forms for AY 2015-16 launched. Hence, one can use the newly launched forms to file the IT returns with 31st August 2015.
Thanks Basu for the update. I found a very useful article in today’s Times of India newspaper. I hope this will be very helpful for your readers.
Thanks Santanu for providing the link 🙂
Lokesh-It is not prudent to have IR account when your residential status already showing NRI. Better you switch to NRe/NRO account either within a same bank or to other bank. If you want to invest in India then NRO account is must. However, look for other features of both accounts. Because NRE interest is tax-free, whereas this not applies to NRO. Hence, considering your requirement chose the option.
Hi Basu,Thanks. What about the exisiting stocks in my demat ? Could they be transferred in new NRE/NRO demant account ?Br/Luke
Lokesh-You can’t change normal demat or trading account to NRI account. You have to open it separately by closing the existing account. Once you do that then you can transfer the holdings to your NRO Demat or Trading Account (Non PINS). Therefore, you totally hold two accounts. One is NRO Demat account or Non PINS Account (To hold the stocks you hold while being Indian Resident) and another is NRI PINS Account (To hold the stocks while you buy during your NRI status).