ONE PERSON HAVE FDR IN BANK AND BANK HAS DEDUCTED TAX ON HIS FDR AS NRO TAX NOW IS IT NECESSERY TO FILE INCOME TAX RETURN FOR THAT PERSON OR NOT. AND NRO TAX REFUND POSSIABLE.
2 Replies
Pankaj Arora
(Learner)
(3134 Points)
Replied 18 February 2011
yes NRO should file ITR and claim return.
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 18 February 2011
Hi,
Agreed with pankaj, NR should file income tax return in india also.
FOr Refund : His total income taxable in india would have to be calculated along with tax payable and if after setting off TDS deducted by bank in India, refund is generated, NR would definately get the refund.
Thanks and Regards,
Manoj B. Gavali
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