09 February 2016
Dear Fellows, If a non resident is paying Insurance premium in India and receives lumpsum amount on maturity after deduction of TDS, then how can refund of same can be claimed ? ( NR is not having any income in india | He his not ordinary resident | not eligible for exemption u/s 10(10)(D) | Not having PAN )
10 February 2016
If you want to claim a refund you will need a PAN. Once the PAN is received intimate the no. to the Insurer for giving the credit of the TDS on the said PAN. Thereafter, file a return to claim refund.
10 February 2016
If PAN is not available,dedutor does not specify the same in TDS return filed and credit can not be claimed by the deductee. To claim the benefit of TDS deducted i.e. Refund of TDS, 1. NRI need to get the PAN, 2. inform the same to deductor to file correction TDS return, 3. once the credit is received in NRI's 26AS form, 4. submit the ITR and claim refund.
10 February 2016
Sir , TDS has already been deducted by insurance company on Claim although He is not having PAN. Somewhere i have heard about Assessing Officer, Non Resident Refund Circle, Mumbai. Does anyone know about it ?
CAclubindia
