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One of my relatives went to study abroad in September 2023 and opened a bank account in Ireland where he received stipend from part time job. That account was closed in July 2024, as he came back to India after course completion. His residential status is Ordinary resident only as per the conditions.
The student had income in India from job from April to August 2023, but that income was < 7 lakh.
I have following questions 1. Which ITR needs to be filled? 2. Does he need to include the foreign bank account in ITR under schedule FA? 3. Money was converted from INR to EUR while recharging the forex card multiple times. Does this info need to be declared in ITR? If yes then how?
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- 6 months ago
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