NRI TDS and refund claim

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This query is : Resolved

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This discussion clarifies how Non-Resident Indians (NRIs) can claim refunds for Tax Deducted at Source (TDS) on their Indian income. If an NRI's total income earned in India falls below the taxable threshold, they are eligible to file an Income Tax Return (ITR) to reclaim the TDS already deducted. The process allows for filing under either the old or new tax slab rates, and the TDS deducted will be fully refunded without special NRI tax rates applying.

rmalhotra

rmalhotra (Querist)
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11 July 2023 Sir,

NRI has received credited of an interest of Rs. 110000 in his NRO a/c from savings and time deposits in bank and TDS @ 31.2% approx Rs34320 is deducted u/s 195 of income tax act.
He also received payment of Bima Bachat scheme of LIC Rs 61500 approx as income and tax @5% aprox Rs 3075 TDS u/s 194DA is deducted. These are only income he earned and received in India. So against his gross income of Rs 171500 a tds amount of Rs 37395 is deducted.
So there is query:-
His Total Income is less than taxable limit and not liable to pay tax except for TDS already deducted.
1. Can he file ITR return within time and claim this refund ?
2. Will he file return as per slab rates old /new scheme.??
3. Is he to be taxed as NRI at TDS rates or any other special rates for above incomes.???

Pls guide .