For NRI, how tax will be deducted if the earnings as mentioned below
Interest income from bank - Rs.25000
Income from dividends - Rs.10000
Long term capital gain from stocks, MF - Rs.15000
No other income from India
how tax will be calculated ??
tax deducted will be 0 (because capital gains doesn’t exceed 1 lakh), file ITR to get the refund amount (TDS Amount) or Flat 20% tax on dividends and capitals gains for NRI ??
You should file returns and get the refund as the amount mentioned is below the treshold level.
As you are an NRI, TDS will get automatically deducted and hence you need to file and get the refund.
Hey @azraarahamed,
The LTCG will be exempted as the amount is below ₹1L. As the total income is below the basic exemption limit, there will be no tax liability.
Hence, if any TDS was deducted, you can file your ITR and claim a refund the same.
Hope this helps!