Itr 2 for nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2017 NRI is having LTCG from Debt Fund on which MF has deducted TDS @ 10% His total Indian income is below taxable limit of 2.5 lakhs He wants to file ITR 2 to get refund of TDS deducted.
While filling the Return, the utility is computing tax @20% with out considering that income is below taxable limit and tax should be nil. How can this problem be solved, please advise.

Amol S Joglekar

Amol S Joglekar (Expert)
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04 July 2017 where are you showing it A4 or A5 in the sheet CG?

Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2017 It is long term CG, so it is shown under B5 in CG sheet

Amol S Joglekar

Amol S Joglekar (Expert)
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05 July 2017 did you fill B 9 for any DTAA?

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2017 No B9 for DDTA is not filled. Is that necessary? The fact is that total income in India is much less than taxable limit of 2.5 lakhs and hence there should be no tax. But utility is computing tax at special rate.

Amol S Joglekar

Amol S Joglekar (Expert)
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05 July 2017 01. If the LTCG is exempt......you fill it in the sheet EI
02. If the LTCG is not exempt......section 112 (1)(c).....you need to pay 20% tax
03. If there is any DTAA, then you can fill B 9 and then no tax is computed.....

Amol S Joglekar

Amol S Joglekar (Expert)
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