Tds for nri and submitting it return

Tax queries 617 views 1 replies

Hi,

My status is NRI since Apr2012, I had a fixed deoposit running since 2011 when my status was resident indian. I forgot to close my FD before travelling to outside India, so in 2012 bank deducted TDS on interest earned.

Now how should I show it in my IT return for AY 2013-14, shall I show my status as NRI and still show these income earned?

Please suggest.

Replies (1)

you can file return of income in India for F.Y. 2012-2013. 

Provide your residential status as NRI ( make sure you calculated NRI As per Section 6 of Income Taex Act)

Declare all income in India for the said period. It would also include Interest. Also take credit of TDS so deducted by the bank.

If you have any tax deducted in excess of your tax liability, you would be entitle to Refund.

In case of further queries, do write to me

 

Khushboo

khushboojdodhia @ gmail.com


CCI Pro

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