Foreign remittances u/s.195 tds

This discussion clarifies the tax obligations for Non-Resident Indians (NRIs) receiving income from mutual funds and shares in India. It addresses whether foreign remittances, including capital gains, dividends, and savings bank interest, need to be declared separately in the Income Tax Return (ITR) when TDS has already been deducted. The advice confirms that while TCS collected on foreign remittances should be claimed, no further separate disclosure of the remittance itself is required in the ITR.