Can TDS on dividends be claimed by NRI?

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This query is : Resolved

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This discussion clarifies whether Non-Resident Indians (NRIs) can claim a refund of the 20% Tax Deducted at Source (TDS) on their dividend income from India. The consensus is that if your total dividend income is below the minimum taxable threshold, you are eligible to file your tax returns and claim a refund of the excess TDS paid. Engaging a Chartered Accountant is recommended for this process.

Kalyan Madicharla

Kalyan Madicharla (Querist)
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23 June 2024 Hi, I'm an NRI. I only have dividend and interest income in India. Interest income is negligible and total income from dividends of listed equity holdings is around 1.5 Lakh INR annually. Considering this falls well below minimum taxable income slab, am I eligible to claim the 20% TDS (the rate for non-residents) on my dividends paid? If yes, then I'd like to engage a CA for filing my returns. Please clarify.