Form for no deduction of tax

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This query is : Resolved

Maheen (Querist)

11 December 2008 My client (NRI Individual) had invested in NCDs of a reputed company through his NRE Funds in 1994. As per the order of the High court he has to receive some interest. The interest is being given to him after deduction of tax. However,my client does not have any income in india and is not being assessed to tax here. Moreover since he has invested through his NRE Funds the company cannot deduct TDS. On speaking to the company they have asked to submit form available for NRI's for non deduction of tax which is issued by Income tax authorities. Please advise.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)

11 December 2008 File an application in Form no 13 and get no deduction certificate from the IT department for onward submission to the depository company.

Maheen

Maheen (Querist)

11 December 2008 Which ward should i file the Form No: 13 in?

CA Tilak Raj Sharma

CA Tilak Raj Sharma (Expert)

11 December 2008 Where you have filed return for your client.

Maheen

Maheen (Querist)

11 December 2008 My client has not been filing his IT Returns in India since 1969 coz he does not have any income generated here now. So in which ward should he file Form no: 13. He has shifted base to Uk in 1969.

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