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This document serves as an annexure related to the primary market transactions for non-resident Indians (NRIs) and includes information regarding the acquisition of securities, including details such as the name of the company, ISIN, acquisition date, quantity of shares, acquisition price, and compliance with income tax regulations on long-term capital gains (LTCG). It also stipulates the need for a latest demat holding statement and provides guidelines for the reporting of shares acquired...
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How to fill out nro annexure ii

01
Obtain the NRO Annexure II form from the official website or your bank.
02
Fill in your personal details such as name, address, and contact information.
03
Provide details of your NRO account, including the account number.
04
Specify the nature of income or funds to be repatriated or any other relevant information.
05
Include your Tax Identification Number (TIN) or Permanent Account Number (PAN) if applicable.
06
Sign the form at the designated place.
07
Submit the completed form to your bank in person or through the recommended submission method.

Who needs nro annexure ii?

01
Individuals who have a Non-Resident Ordinary (NRO) account in India.
02
Non-resident Indians (NRIs) looking to repatriate funds from their NRO account.
03
Those who receive income in India and need to disclose it for tax purposes.

What is Nro Annexure Ii Form?

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NRO Annexure II is a form used in India for reporting the income earned by a Non-Resident Ordinary (NRO) account holder. It provides details about the income from various sources that are to be reported for tax purposes.
Individuals who hold an NRO account and have income earned in India, which is subject to tax, are required to file NRO Annexure II.
To fill out NRO Annexure II, individuals must provide their personal details, details of the NRO account, and specify the types of income earned. It involves disclosing amounts, applicable tax rates, and any deductions claimed.
The purpose of NRO Annexure II is to ensure transparency in the reporting of income earned by non-residents in India, facilitating proper taxation and compliance with Indian tax laws.
The information that must be reported includes the type of income (e.g., interest, rental income, dividends), amounts earned, and any taxes paid or deducted at source.
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