POSTED BY March 15, 2012 9:46 pm COMMENTS (7)ON
hello – I have two questions.
1) An NRI, I have no Indian Salary/Employer.
But I have Rental and NRO interest income. Which ITR should I use?
Tried ITR2 but EMPLOYER details are mandatory, so could not validate and compute tax.
2) About late filing penalty of INR 5000, every blog says there MAY be a penalty.
So is it discretionary? How can one avoid it especially if no tax was payable?