Sir/Ma'am
For an NRI, If income from investment in shares of a Jewellery is Rs. 30,000.
And TDS is being deducted on the same.
What should be done so that no TDS will be deducted!?
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 23 June 2022
Naina
(Stuednt)
(62 Points)
Replied 24 June 2022
JJJ
(Need help)
(673 Points)
Replied 24 June 2022
| Originally posted by : Naina | ||
 |
Thank you Ma'am. But for NRI Investment income is not taxable right!? |  |
Almost all incomes of NRIs are subject to TDS and that too usually at a higher rate than for residents.
If at the end of the year the accumulated TDS is more than the tax you need to pay then you can claim it back as a refund by filing a return, just like a resident would.
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 24 June 2022
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