This discussion addresses a common query regarding the reporting of foreign remittances and interest income in the TIS/AIS for Non-Resident Indians (NRIs). The user notes that the same figure appears under 'Receipt of Foreign Remittances' and 'Interest from Deposits', leading to potential confusion and double-counting, especially when TDS is deducted under Section 195 on NRO accounts. The core question is why these figures are repeated and how to correctly report them, considering the income source is the same.
25 June 2022
Sir , While looking at TIS/AIS . I find one figure say Rs 4 lacs under head of ' Receipt of Foreign Remittances'. Now further same figures are also shown under ' Interest form Deposits' and TDS is deducted u/s 195 of ITax, in NRO a/c as it is a case of NRI Thus same figures are shown and treated under two different places in TIS . This income cannot be treated twice as income & its source of income is same. So why same figures are separately repeated under two different classifications. What can be the reason and how to treat these same figures shown under two different heads whereas interest income is from same SFT. Can it be marked as 'Duplicate' as Feed back OR what else need to be done. OR simply to ignore the figures under " Remittances from foreign receipts. ' as informative only and treat only interest income ? TDS figures in required way.