Clarifications in respect of filling-up of the ITR forms for the Assessment Year 2019-20

ITR filing: non-resident directors of foreign companies with no India nexus need not disclose directorship.

ITR forms require disclosure of directorship with company name, PAN, listing status and DIN; non-residents need not disclose directorship in a foreign company that has no income received in India or accruing or arising in India, while residents must disclose all directorships. Residents reporting foreign assets, signing authority or foreign income must complete Schedule FA, but only where the foreign assets were held both during the Indian previous year and during the foreign jurisdiction's relevant accounting period.