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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.
ITR
NRI with only TDS-covered investment income
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Provisions
Sec 115G, Income-tax Act 1961
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.
Close
- Check whether your income fits the special rule.
- Compute whether TDS exceeds tax.
- File to claim a refund if useful.
- Keep records.
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