Tds for nri in mutual funds
This query is : Open
30 May 2018
My query is that suppose a Nri accumulates 1 Cr as captain Gains on equity oriented mutual funds, so while redemption , as F.Y 2018-19 mutual fund house will deduct a TDS of 11.96% (11.96 Lakhs), and also while filing I.T return Nri will deduct 11.96% (11.96 Lakhs) as his capital gain in returns, so my question is that , can a Nri claim the TDS of 11.96% (11.96 Lakhs)from the I.T department ? And would he get the entire amount of TDS i.e., 11.96 Lakhs back or not ? Otherwise Nri will have to pay a total of 11.96+11.96= 23.92% of his capital gains ?
30 May 2018
how did you arrive at this 23.92%???
08 June 2018
11.96+11.96 =23.92, i.e. , 11.96 % TDS plus 11.96% Nri has to show as capital gain, in his I.T return....
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