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Income of a nri

Tax queries 559 views 3 replies

Varshit Shah

Self Employed

676 Points Joined November 2008

Dear All ,

One of my NRI friend earned Long term capital gain from sale of mutual fund units. LTCG is Rs.1.5 lakhs. Bank has deducted Rs.46000 towards TDS u/s 195 @ 30.9%. He do not have any other income.

My question is can he claim income tax refund ? If yes , how he can do so? Does he required to appoint somebody as his representative? Pls guide. What other things I should keep in mind while filing his return. Thanks in advance.

Replies (3)

Devendra

Chartered Accountant

4780 Points Joined March 2009

Income Tax Refund can be claimed by getting the ITR filed from a CA.

Dharma Roy

Accountant

22 Points Joined February 2015

Devendra is that important to fill the return by a CA???? Can any other tax consultant do not make it?????? Can u tell me where its any written documents of your said?????

Mistavddre

91 Points Joined July 2013

If that NRI is capable, he can file his own return of income. He can even rely on a CA or tax consultant who will do it for him for about Rs. 500 - Rs. 3000. The cost depends on the amount of work and also his various source of income.