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NRI Income Tax & Compliance

Schedule FSI & TR For NRI: How To Fill It In ITR?

Pankaj ShawBy Pankaj Shaw |Last Updated: February 20, 2026
Schedule FSI & TR For NRI: How To Fill It In ITR?
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Schedule FSI and Schedule TR are two separate sections in Form 2 of the ITR. Individuals who have paid taxes on foreign income and are seeking tax refunds in India for that income will file under these two schedules. 

Here, FSI in the schedule stands for Foreign Source Income. Under this schedule, you will need to report your income details before that arising from a source outside India. Whee under scheule TR, you will report the tax refunded (TR) to provide a summary of the tax relief claimed against the taxes you have paid outside India. 

Pankaj Shaw
Pankaj Shaw(Tax Expert)

Mr Shaw brings 8 years of experience in auditing and taxation. He has a deep understanding of disciplinary regulations and delivers comprehensive auditing services to businesses and individuals. From financial auditing to tax planning, risk assessment, and financial reporting. Mr Shaw's expertise is impeccable.

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Frequently Asked Questions

No, Schedule FSI is not mandatory for NRIs to file a return in India unless they earn taxable income in India. If an NRI earns income from a foreign source or owns any foreign assets, the income or assets are taxable in India, and the NRI must file the FSI schedule with ITR-2. 

Usually, NRIs are not required to report their foreign source income in the ITR, as this schedule is only for resident Indians. However, there are special cases where non-residents are also required to disclose FSI if their income source is taxable in India. 

Schedule TR is not mandatory for an NRI, but there are cases where NRIs are required to claim tax relief for the taxes they have paid abroad. In such cases, the non-resident Indians are required to prepare both the Schedule FSI and the TR. 

The deadline for NRIs to file an income tax return in India is typically 31 July, unless it is extended by the Government of India. 

Yes, under the Black Money Act, 2015, a penalty will be imposed.