Tds

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Pavithra Kirubanandhan (Querist)

12 June 2018 hi sir. one of my friend have received notice from IT dept stated non furnishing return of income. Actually he is Non resident indian, but he is maintaining resident account in a bank for that they have deducted tds u/s 194A. Now the problem is if he files IT return with the status of resident indian option, what will be the implication. As i know sec 194A is deducted on interest income which is applicable only for resident indian. Will there be any consequences. There is a chance he may return to India by next year to settle here. What he has to do now. Kindly guide us.

Amol S Joglekar

Amol S Joglekar (Expert)

12 June 2018 let him file the return as non resident (Which is the true status)
194A is relevant only so far ass TDS is concerned. He can very well claim the credit for the said TDS.

Pavithra Kirubanandhan

Pavithra Kirubanandhan (Querist)

12 June 2018 Thank u sir. Does he need to show the income which he earned in abroad ,is that necessary else he has to show the interest alone which he earned in india.

Amol S Joglekar

Amol S Joglekar (Expert)

13 June 2018 Since he is non resident, his income earned abroad is exempt in India. Let him show the same under exempt column.

Pavithra Kirubanandhan

Pavithra Kirubanandhan (Querist)

13 June 2018 Thank You so much sir.

Amol S Joglekar

Amol S Joglekar (Expert)

14 June 2018 you are most welcome.

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