Income from Other Sources -NRI


This query is : Resolved 

Quick Summary
This discussion addresses an NRI's income tax filing query regarding dividend income from mutual funds and other sources. The user noticed a duplicate entry under 'Any other Income chargeable at special rate' (Section 115A(1)(a)(iii)) which appears to be a mistaken auto-fill by the Income Tax Department. The advice given is to file feedback in AIS to correct this duplicate data.

01 July 2024 My daughter has an NRO account which was converted from her resident account after her status changed to NRI.
After that the NRO account has been credited with dividends from Mutual Funds, SB interest and payouts from Life Insurance maturities and survival benefits. Last year 2023-24, HDFC mutual funds worth Rs 159692 were bought. Her status in HDFC MF is also in NRI status.

While filing for income tax for AY 2024-25
( i) I could see an amount of Rs 46772/- under the heading Dividend Income' (chargeable at normal rate) -
which is correct and this is showing in AIS/26AS
(ii) I could see an amount of Rs. 46772/- again under the heading 'Any other Income chargeable at special rate'. The actual head shown is 115A(1)(a)(iii) - Income received in respect of units of UTI purchased in foreign currency ? This is not shown in AIS.

Is amount under (ii) correct or this is a mistake from ITD in auto filling?

01 July 2024 File feedback in AIS against the entry, that 'the data is not correct'.

01 July 2024 So the repeat amount shown under section 115A(1)(a)(iii) is not correct ?

01 July 2024 Yes, it is duplicate entry.


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