My son has been a non-resident Indian (NRI) for about 4 years, and used to file his earnings tax returns (ITR) in India. However, for the time being he has almost no earnings in India other than a negligible curiosity earnings that accrues in his non-resident extraordinary (NRO) monetary financial savings account, for which tax has been deducted at provide. Does he should file his tax return in India, considering his earnings is decrease than ₹1,000?
—Name withheld on request
If your son’s full earnings is below the taxable limit of ₹2.5 lakh, there is not a should file an ITR in India.
However, if you happen to want to declare a refund of the tax deducted at provide (TDS), the one choice to declare that refund is by submitting a tax return.
You might choose to declare to the monetary establishment concerned that your son’s full earnings is below the taxable limit and procure a no TDS certificates from the earnings tax division. A replica of this certificates could also be submitted to the monetary establishment so that no TDS is affected and likewise you don’t have to bear the difficulty of submitting your return and claiming a refund.
Archit Gupta is the founder and chief authorities officer, Clear.in
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