Answer

ITR

NRI with only TDS-covered investment income

Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

  1. Facts

    A special rule says an NRI whose only income is investment income or long-term gains under the special NRI chapter, with full TDS, need not file a return. Whether it fits depends on the type of assets and TDS.

  2. Provisions and law

    • Sec 115G, Income-tax Act 1961Non-resident with only specified investment income and full TDS need not file a return.

  3. Analysis

    This rule covers specified foreign exchange assets and conditions, so check before relying on it. Even if not required, filing may get you a refund if TDS was higher than tax. Filing also keeps a clean record. Get advice if unsure.

  4. Conclusion

    1. Check whether your income fits the special rule.
    2. Compute whether TDS exceeds tax.
    3. File to claim a refund if useful.
    4. Keep records.

A Savvy can do this for you

NRI income tax return, ITR-2 or ITR-3

₹3,999

Get this doneAsk a Savvy on WhatsApp

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.

People also ask