payment to NRi's

Tax queries 442 views 2 replies

How will we show in the computaion statement "interest paid to NRI"? As it is exempted u/s 10(4)/. But TDS has been deducted.& he is eleigble for refund of the same.

Kindly help

Replies (2)

Dear Mohan,

Are u sure that TDS was deducted on the interest of same securities which are notified u/s 10(4)?

Am asking this becos exempt income does not attract TDS.

Anywayz if at all it was deducted the same can be claimed as refund if eligible by showing "Nil" income. {I am still not convinced that this could happen}

Dear Mohan,

I agree with amir. Also u have not specified wat kind of interest income it is & who has done tds.

If tds was wrongly done than file the return claiming exemption u/s 10(4) and giving details of tds, u will be able to get refund if the deductor has really done tds & deposited the same with the central govt and filed its quarterly tds rerturns.

Also why dont u ask client to register for Form 26AS wherein he can view his tds.

Regards

kanti jain


CCI Pro

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