Welcome to our channel! This video explains how to file ITR2 in order to claim refund that can arise due to DTAA ( dual tax avoidance agreements) on dividend from foreign Shares. It is necessary to declare the foreign assets, the income arising from thereon for the purpose of tax calculations.
This video explains with an example, how to do the following , with an example in lucid and clear way so that even beginner level of knowledge can understand
1. Filling of schedule of income from other sources
2. Filing of schedule for Foreign Assets (FA)
3. Filing of schedule for Foreign source of Income (FSI)
4. Filing of schedule for tax refund under section 90, 90a or 91
Time stamps in the video
0:00 - Intro
0:15 - Foreign Dividend Income Example
1:16 - ITR2 Filing process starts
02:10 - ITR2 Schedule for Other income filing
05:08 - ITR2 - Schedule for Foreign Assets (FA)
07:51 - ITR2 - Schedule for Foreign Source of Income (FSI)
09:54 - ITR2 - Schedule for Tax refund under section 90, 90a or 91
10:54 - Wrap up and final calculation steps
Further videos to watch:
Dividend Income on Foreign Shares | Understanding DTAA | Schedules in ITR2 (With Example) : https://youtu.be/sbEPq4DzRGQ
Form67 II How to file Form 67 to Claim Foreign Tax Credit: https://youtu.be/ZTTVUsf3Lvk
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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence Pramod Mukkamala (the creator of the video) is not liable for any consequence that arises on the basis of YouTube video
